Use our free Loan EMI Calculator to estimate monthly payments for any loan. Adjust the loan amount, tenure & interest rate to plan your finances better!
Calculate your monthly loan payments with ease
Planning a home loan, car loan, or personal loan? Our EMI calculator helps you:
✅ Estimate monthly installments accurately
✅ Compare loan options by adjusting amounts/tenures
✅ Budget smarter – Avoid financial surprises
✅ 100% Free – No signup or hidden charges
Enter Loan Amount – Total amount you want to borrow.
Set Interest Rate – Lender’s annual interest rate (e.g., 8.5%).
Choose Tenure – Loan duration in months/years.
Get Results – Instantly see your EMI, total interest, and payment schedule.
📌 Pro Tip: Lower tenures increase EMI but reduce total interest!
Calculate EMIs for 15/20/30-year mortgages.
Compare fixed vs. floating interest rates.
Estimate monthly payments for new/used cars.
Adjust down payment percentages.
Plan EMIs for weddings, travel, or emergencies.
Check affordability before borrowing.
Our calculator uses the standard EMI formula:
EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
Where:
P = Principal loan amount
R = Monthly interest rate (annual rate ÷ 12)
N = Loan tenure in months
EMI (Equated Monthly Installment) is the fixed payment you make monthly to repay your loan.
Yes! EMI combines principal + interest into one payment.
Opt for shorter tenures or prepay loans when possible.
Yes, unless you choose a floating interest rate loan.
✔ Faster than Excel – No manual calculations needed.
✔ Mobile-Friendly – Works on all devices.
✔ No Personal Data – We don’t store your inputs.
🔹 Keep EMI ≤ 40% of your monthly income.
🔹 Check prepayment penalties before borrowing.
🔹 Use EMI calculators before applying for loans.