Calculate loan EMI online for free: monthly payment, total interest, and amortization summary for any loan amount, rate, and tenure. No signup required.
First time here? Enter the loan amount (principal) Your input is processed locally and disappears when you close the tab.
Before signing any loan, you should know two numbers the paperwork tends to bury: what you'll pay each month, and what the borrowing really costs in total interest. Our free Loan EMI Calculator surfaces both instantly — enter the principal, annual interest rate, and tenure, and get the monthly installment plus a full cost summary.
The calculator uses the standard reducing-balance EMI formula employed by banks worldwide, so its results match your lender's quote. The breakdown shows total interest against principal, making it easy to see how a slightly lower rate or shorter tenure changes the lifetime cost — often by amounts that dwarf the monthly difference.
Use it for home loans, car finance, personal loans, and education loans alike, and tweak inputs live to compare offers. Everything computes in your browser, so your financial details are never transmitted. For the surrounding math, our Percentage Calculator handles rate comparisons and down-payment percentages.
Enter the loan amount (principal)
Set the annual interest rate
Choose the tenure in months or years
Read your monthly EMI instantly
Review total interest and total repayment
Adjust inputs to compare scenarios