Loan EMI Calculator
Results
Monthly EMI: --
Total Interest Payable: --
Total Amount Payable: --
About the Loan EMI Calculator
Our Loan EMI Calculator is a user‑friendly tool that instantly computes the monthly Equated Monthly Instalment (EMI) you need to pay on any loan. By accepting just four inputs—Loan Amount, Annual Interest Rate (%), Loan Tenure, and Tenure Unit (years or months)—it delivers an accurate EMI breakdown. Whether you’re planning a home loan, car finance, personal loan, or any other credit, this calculator helps you budget effectively and make informed borrowing decisions.
Features of Loan EMI Calculator
- Accurate EMI Computation
Uses the standard EMI formula
EMI=P×r×(1+r)n(1+r)n−1EMI = \dfrac{P \times r \times (1 + r)^n}{(1 + r)^n – 1}EMI=(1+r)n−1P×r×(1+r)n
where P = principal (loan amount), r = monthly interest rate (annual rate ÷ 12), n = number of monthly instalments. - Flexible Tenure Input
Enter your repayment period in years or months, and the calculator automatically converts and computes the corresponding EMI. - Instant Amortization Overview
View a month‑by‑month breakdown showing how much of each EMI goes toward interest versus principal. - Total Cost Summary
Get the total interest payable over the loan period and the aggregate amount you will repay, helping you compare different loan offers.
Common Uses
- Home Loans
Plan your monthly budget when purchasing property, by estimating EMIs over 10, 15, 20, or 30 years. - Auto Loans
Compare financing options for cars or two‑wheelers by tweaking interest rates and tenure. - Personal & Education Loans
Gauge affordability for short‑term loans (6–60 months) used for education, travel, or medical expenses. - Business Loans
Forecast cash flow obligations for equipment purchase, working capital finance, or expansion projects.
How to Use
- Enter Loan Amount
Input the total amount you wish to borrow (e.g., ₹5,00,000). - Input Annual Interest Rate (%)
Specify the yearly interest rate charged by the lender (e.g., 10.25%). - Select Loan Tenure
Enter the duration of the loan (e.g., 5 years). - Choose Tenure Unit
Select whether the tenure is in years or months. - Click “Calculate EMI”
See your monthly EMI, total interest payable, and total repayment amount at a glance. - Review and Compare
Adjust any input to instantly compare how different rates or tenures affect your EMI and overall cost.
By leveraging our Loan EMI Calculator, you can effortlessly plan your finances, compare loan offers, and ensure you select the option that best fits your repayment capacity. Whether you’re a homeowner, vehicle buyer, student, or entrepreneur, this tool puts clarity and control in your hands.