Loan EMI Calculator
Calculate your monthly loan EMI, total interest, and repayment amount. Perfect for home loans, car loans, and personal loans with instant results.
Calculate Loan EMI
How to Use the EMI Calculator
Enter your loan amount, annual interest rate, and loan tenure in years. Click "Calculate EMI" to see your monthly payment, total interest cost, and total amount payable.
Frequently Asked Questions
How is EMI calculated?
EMI is calculated using the formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P is the loan amount, R is the monthly interest rate, and N is the tenure in months.
What is the total amount payable?
The total amount payable is the sum of the loan principal and total interest paid over the entire loan tenure.
Can I use this for any type of loan?
Yes, this calculator works for home loans, car loans, personal loans, or any loan with fixed monthly payments.