Loan / EMI calculator
Work out the monthly payment, total interest and total cost of a loan or mortgage from the amount, rate and term.
Estimates a standard amortising loan (EMI). Actual figures vary with fees, compounding and rounding.
How to use
Enter the loan amount, the annual interest rate and the term in years, and the calculator works out your fixed monthly payment (EMI) using the standard amortisation formula. It also shows the total interest you'll pay and the total cost of the loan over its life.
The split bar makes it easy to see how much of your repayments is principal versus interest — a longer term lowers the monthly payment but increases the total interest. Adjust any input to compare scenarios instantly.
All the maths runs in your browser, so you can model mortgages, car loans or personal loans privately without entering anything on a lender's site.
Examples
200,000 at 6.5% over 30 years shows the monthly payment and the eye-opening total interest.
Compare a 3-year vs 5-year term to see how much extra interest the longer term costs.
Nudge the rate up or down to see how even half a percent changes your monthly payment.
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 fully repaid.
Does it include taxes, fees or insurance?
No. It estimates principal and interest only. Real-world costs like property tax, insurance and origination fees aren't included.
How is the monthly payment calculated?
It uses the standard amortising loan formula based on the principal, the monthly interest rate and the number of months.
Is my financial data sent anywhere?
No. Everything is calculated locally in your browser — nothing you type is uploaded or stored.
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