Ad Space (Leaderboard 728x90)
Loan EMI Calculator
Calculate your Equated Monthly Installment (EMI) for any kind of loan. Plan your repayment with our easy-to-use calculator.
₹
%
Years
Monthly EMI
0
Total Interest
0
Total Amount Payable
0
Ad Space (Inline 300x250)
How to use Loan EMI Calculator
- Enter the total 'Loan Amount' you wish to borrow.
- Input the 'Interest Rate' offered by your bank.
- Select the 'Loan Tenure' (duration) in years.
- The calculator instantly shows your Monthly EMI.
- Check the pie chart to see the split between Principal and Total Interest payable.
Frequently Asked Questions
What is EMI?
EMI stands for Equated Monthly Installment. It is the fixed amount of money you pay to the bank every month to repay your loan.
How is EMI calculated?
The formula is: E = [P x R x (1+R)^N] / [(1+R)^N-1], where P is Principal, R is interest rate per month, and N is the number of months.
Does this work for all banks?
Yes, this calculator uses the standard formula used by all major banks and financial institutions globally.
Can I use this for a Car Loan?
Absolutely. This calculator works for Home Loans, Car Loans, Personal Loans, and Education Loans.
Ad Space (Sidebar 300x600)