Loan EMI Calculator Online — Monthly Payment Free
Work out your monthly loan payment (EMI), total repayment and total interest before you borrow — enter amount, rate and years.
Loan / EMI Calculator
Work out your monthly loan payment (EMI), total repayment and total interest before you borrow.
- Monthly payment (EMI)
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- Total you repay
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- Total interest
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How to use it
- Enter the loan amount, annual interest rate and years.
- Tap “Calculate EMI”.
- Compare the monthly payment with your budget before borrowing.
Frequently asked questions
What is EMI?
Equated Monthly Instalment — the fixed monthly payment that repays a loan plus interest over its term.
How is EMI calculated?
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where r is the monthly rate and n is the number of months.
Does a longer loan cost more?
Yes — monthly payments fall, but total interest rises sharply. Compare both numbers before choosing.
Is this financial advice?
No — it is a calculator. Rates, fees and eligibility vary by lender; confirm with the lender before borrowing.
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