Calculator
Loan Calculator
Calculate your monthly EMI, total interest payable, and total payment for any loan — home, car, personal, or education.
Quick Loan Types
How to use the Loan Calculator
Enter the loan amount, annual interest rate, and tenure in months. Click Calculate EMI to see your monthly payment, total interest, and total payment. Use the preset loan buttons for quick calculations of common loan types.
This calculator works for all types of loans — home loans, car loans, personal loans, education loans, and more. The results are accurate to two decimal places.
What this calculator shows you
- ✓Monthly EMI — Your fixed monthly payment for the loan tenure.
- ✓Total Interest — The total interest you will pay over the entire loan period.
- ✓Total Payment — The sum of principal and interest paid over the loan term.
- ✓Interest Percentage — The percentage of interest relative to your principal amount.
How is EMI calculated?
EMI is calculated using the standard formula:
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
Where:
• P = Principal Loan Amount
• r = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
• n = Number of Monthly Installments (Tenure)
Total Payment = EMI × n
Total Interest = Total Payment - Principal