Loan EMI Calculator
How much will my monthly loan payment be?
Enter the loan amount, interest rate and term to see your fixed monthly payment (EMI), the total interest you will pay and how your balance falls each year.
How this calculator works
The calculator uses the standard amortization formula: payment = P × r / (1 − (1 + r)^−n), where P is the loan amount, r is the monthly interest rate and n is the number of monthly payments. Early payments are mostly interest; later payments are mostly principal.
Frequently asked questions
What does EMI mean?
EMI stands for Equated Monthly Instalment — a fixed payment that covers both interest and principal so the loan is fully repaid by the end of the term.
How can I reduce the total interest?
Choose a shorter term, negotiate a lower rate, or make extra payments toward principal. Even small prepayments early in the loan save the most interest.
Learn more
Results are estimates based on the numbers you enter and simplified assumptions. They are not financial advice. See our disclaimer.