Free EMI Calculator — Loan EMI Calculator Online

Loan details

Principal (loan amount) Annual interest rate (%) Tenure (months)

How to use the EMI calculator

Enter the loan principal (amount borrowed) in your currency.
Enter the annual interest rate as a percentage (e.g. 8.5 for 8.5%).
Enter the tenure in months (e.g. 36 for 3 years).
Click Calculate EMI to see monthly installment, total payment, and total interest.

Why use an EMI calculator?

Planning a loan? EMI tells you the fixed monthly amount you’ll pay. Use this tool to compare tenures and rates before borrowing. Results are indicative; actual terms depend on your lender.

Frequently asked questions

How is EMI calculated?

EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly interest rate (annual/12), and n is number of monthly installments.

What units should I use?

Principal in your currency (e.g. dollars), annual interest rate as a percentage (e.g. 8.5), and tenure in months (e.g. 36 for 3 years).

Is this result exact?

The formula gives the standard EMI. Actual bank amounts may vary slightly due to rounding or fee structures.

Free EMI Calculator — Loan EMI Online