EMI / Loan Calculator
Enter your own loan amount, interest rate and term — every lender quotes a different rate, so type in what your bank offered you.
Monthly payment (EMI)
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Total interest paid
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Total repayment
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How EMI is calculated
EMI uses the standard reducing-balance formula: EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly payments. This assumes a fixed rate for the full term — check with your lender if yours is variable.