Find the monthly instalment (EMI) for a home, car, personal or education loan, the total interest you will pay, and how the balance falls year by year.
loading toolHow to use the loan emi calculator
- Type your numbers in the boxes (pick your currency or units if asked).
- The answer updates as you type: no button to press.
- Copy the result, or share it on WhatsApp with one tap.
Questions
What is the EMI formula?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r the monthly rate (yearly rate ÷ 12 ÷ 100) and n the number of months.
Why is most of the early EMI interest?
Interest is charged on the balance still owed, which is highest at the start. As you repay, more of each EMI goes to the principal.
Is my data private?
Yes. Everything happens inside your own browser: nothing you type or choose is uploaded to us or anyone else.
Is it free?
Completely free, with no sign-up, no watermark and no limit on how many times you use it. Light ads keep the site running.
