EMI Calculator
Enter the loan amount, annual interest rate and term in years to see the monthly EMI, the total you will pay and the total interest.
Enter amount, rate and term (all positive).
How to use
- Enter the loan amount.
- Enter the annual interest rate in percent.
- Enter the term in years to see your EMI and totals.
Frequently asked questions
- How is EMI calculated?
- EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of months.
- Will this match my bank's figure?
- It may differ slightly. Banks can add fees, round differently or use other rules, so confirm with your lender.
- Does it work for home, car and personal loans?
- Yes, any loan with a fixed rate and equal monthly payments.