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Loan Calculator

Estimate your monthly payments, total interest, and loan cost

Calculate your monthly EMI, total interest payable, and total loan repayment amount. Perfect for home loans, car loans, and personal loans.

How to use this tool
  • Enter the Loan Amount (principal)
  • Enter the Annual Interest Rate (%)
  • Enter the Tenure in years
  • Click Calculate to see your monthly EMI, total interest, and total repayment
Privacy & Security

All calculations are performed locally in your browser. No data is ever sent to any server.

EMI Formula
  • EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]
  • Where P = Principal, R = Monthly Interest Rate, N = Number of months
  • Higher loan amount or higher interest rate increases EMI
What is the EMI formula?

EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]

Does this include processing fees?

No, this calculator only estimates principal, interest, and total payment. Additional fees should be added separately.

Can I use this for different compounding frequencies?

This calculator uses monthly compounding (standard for loans).

Is this tool free?

Yes – completely free with no registration or limits.

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