Free Loan EMI Calculator
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About the EMI Calculator
Calculate your monthly loan EMI, total interest and total payable from the loan amount, interest rate and tenure — instant results, all in your browser.
How to use the EMI Calculator
- 1Enter the loan amount you want to borrow.
- 2Set the annual interest rate and the loan tenure in months or years.
- 3See your monthly EMI, total interest and total amount payable update instantly.
- 4Adjust any value to compare different loans — nothing is uploaded.
Frequently asked questions
Is this EMI calculator free?
Yes — completely free, with no sign-up and no watermark.
Is my data uploaded anywhere?
No. The calculation runs entirely in your browser — nothing you enter is sent anywhere.
What is an EMI?
EMI stands for Equated Monthly Instalment — the fixed amount you pay each month to repay a loan, covering both interest and part of the principal, so the loan is fully paid off by the end of the tenure.
How is the EMI calculated?
It 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 instalments.
Does this include processing fees or insurance?
No — it calculates the pure loan repayment. Lenders may add one-time fees, insurance or other charges that aren't part of the EMI, so treat the result as an estimate of your monthly repayment.