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Loan EMI Calculator
What is Loan EMI Calculator?
A loan EMI calculator works out the fixed monthly instalment (EMI) for a loan from the amount, annual interest rate and tenure. It also shows the total interest and the total amount you will repay.
How Loan EMI Calculator helps
- Shows the monthly payment before you borrow
- Reveals the total interest cost
- Lets you compare tenures and rates
How to use Loan EMI Calculator
- Enter your numbers in the fields (sample values are pre-filled).
- Read the results, which update instantly.
- Change one input at a time to compare scenarios.
Example
A 10,000 loan at 10 percent a year over 2 years has an EMI of about 461, with about 1,074 paid as interest.
Frequently asked questions
What is the EMI formula?
EMI = P x r x (1+r)^n / ((1+r)^n - 1), where r is the monthly rate and n the number of months.
Does it include fees?
No. Processing fees and insurance are not included.
Will my lender show the same figure?
It may differ slightly because of rounding, fees or calculation method.
Results are estimates for general information only and are not financial, tax or investment advice. Check numbers with a qualified professional.
Last updated October 7, 2026.