Loan / EMI Calculator
Calculate your loan EMI (monthly installment) online, free. Enter loan amount, interest rate, and tenure.
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Monthly Payment-
Total Payment-
Total Interest-
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Runs in your browserNothing you enter is sent to a server.
Works on mobileSame tool on your phone, tablet or desktop.
About Loan / EMI Calculator
EMI (Equated Monthly Installment) is the fixed amount you'd pay each month toward a loan, combining both principal and interest into one consistent payment over the loan's term. This calculator works out that monthly figure based on the loan amount, interest rate, and repayment period you enter.
The calculation uses standard amortized loan interest formulas — the same math lenders themselves use — so the figure you see here reflects a realistic estimate of what an equivalent loan's monthly payment would actually be.
The calculation uses standard amortized loan interest formulas — the same math lenders themselves use — so the figure you see here reflects a realistic estimate of what an equivalent loan's monthly payment would actually be.
Frequently Asked Questions
What does EMI stand for?
Equated Monthly Installment — the fixed amount you'd pay each month toward a loan.
Does this account for compound interest?
Yes, the calculation uses standard amortized loan interest formulas.
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