Loan / EMI Calculator
Free loan & EMI calculator. Work out monthly payment, total interest and total cost for any loan amount, interest rate and term. Runs in your browser.
Runs in your browserUpdated Apr 26, 2026
Loan / EMI calculator
Monthly payment
1,863.93
Total interest
197,343.88
Total paid
447,343.88
Frequently asked questions
›What is EMI?
EMI = Equated Monthly Installment. The fixed monthly payment that repays your loan in equal instalments over the term.
›How is the EMI calculated?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1) where P = principal, r = monthly rate, n = number of months. We do the math for you.
›Does this account for fees or insurance?
No — it covers principal and interest only. Add origination fees or insurance separately for total cost.
›Can I see an amortisation schedule?
Currently we show totals. For a month-by-month breakdown, use a dedicated amortisation tool.
›Is the loan calculator free?
Yes — fully free, no signup, runs in your browser.