EMI Calculator
Ready when you are
Enter your loan details above to calculate your monthly EMI and total interest.
Financial Disclaimer: The results provided by this calculator are estimates for informational purposes only. They do not constitute financial advice. Please consult with a qualified financial advisor or institution before making any financial decisions.
Find out your exact monthly payment for any loan quickly and easily.
About this Tool
Are you planning to take a loan for a car or a house? Our free EMI Calculator helps you figure out exactly how much you need to pay every month.
It also shows you the total interest you will pay. Everything is calculated safely in your browser.
An Equated Monthly Installment (EMI) is the fixed payment you make to a bank each month to pay off a loan. Before you commit to borrowing money, it is extremely important to understand exactly what your monthly commitment will be.
By entering the loan amount, the interest rate, and the duration of the loan, this tool instantly calculates your monthly payment and provides a clear breakdown of the total cost.
How to Use
Type in the total loan amount you want to borrow.
Enter the interest rate the bank is offering.
Choose how many months or years you have to pay it back.
Click the Calculate button.
See your monthly payment and total interest cost instantly.
The Formula
In this math rule, P is your total loan amount, R is the monthly interest rate, and N is the total number of months you will pay. As you keep paying every month, the amount you owe goes down.
Examples
Frequently Asked Questions
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