Loan Calculator
Calculate EMI, total interest and total amount payable for any loan in seconds.
Loan Payment Calculator
About This Loan Calculator
This online loan calculator lets you compute EMI (Equated Monthly Installments), total interest payable, and the total amount repayable over the full loan duration. It is ideal for personal loans, home loans, auto loans, education loans, business loans, and more.
Just enter the principal, interest rate, and duration to get instant results based on the standard EMI formula used worldwide. Perfect for borrowers, financial planners, accountants, bankers and students.
Loan Calculator — FAQ
1. What is an EMI?
EMI stands for Equated Monthly Installment — the fixed amount you pay every month to repay a loan.
2. How is EMI calculated?
EMI = P × r × (1 + r)^n / ((1 + r)^n – 1), where P=principal, r=monthly interest, n=total months.
3. Does this tool support all loan types?
Yes — it works for home loans, car loans, personal loans, student loans, and any EMI-based loan.
4. Are calculations accurate?
Yes. The calculator uses globally accepted financial formulas used by banks and lenders.
5. Can this tool estimate total interest?
Yes — it shows EMI, total interest payable, and final total repayment amount.