About the Loan / EMI Calculator
Before taking a loan — a mortgage, car loan or personal loan — it helps to know exactly what the monthly repayment will be and how much interest you'll pay over the full term. This loan (EMI) calculator works that out from the amount, interest rate and term.
Enter the loan amount, annual interest rate and number of years, and the calculator shows your fixed monthly payment (EMI), the total interest, and the total amount repaid. It all runs in your browser.
How to use it
- 1Enter the loan amount you want to borrow.
- 2Enter the annual interest rate as a percentage.
- 3Enter the loan term in years (or months).
- 4Read the monthly payment, total interest and total repayment.
- 5Adjust the numbers to compare different scenarios.
Common uses
- →Estimating the monthly repayment on a home or car loan.
- →Comparing loan offers with different rates or terms.
- →Seeing how a bigger deposit lowers your monthly payment.
- →Understanding how much of a loan is interest versus principal.
- →Budgeting before committing to borrowing.
Tips & good to know
- A longer term lowers the monthly payment but increases the total interest you pay.
- Even a small difference in interest rate adds up significantly over a long loan.
- This is an estimate — actual offers may include fees, insurance or a different compounding method.
Frequently asked questions
- What is EMI?
- EMI stands for Equated Monthly Instalment — the fixed amount you pay each month, covering both interest and principal, until the loan is repaid.
- Does it include fees or insurance?
- No. It calculates principal and interest only, so real-world offers with fees may differ slightly.
- Is my financial data uploaded?
- No. The calculation runs entirely in your browser and nothing is stored.