Monthly EMI, total interest, and total payment for any loan amount and term.
Enter the loan amount, annual interest rate, and loan term in months or years, then tap Calculate EMI to see your monthly payment, total interest, and total amount payable over the life of the loan.
How is EMI calculated?
Using the standard reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the principal, r is the monthly interest rate, and n is the number of monthly installments.
Does this include fees or insurance?
No — this calculates principal and interest only. Add any separate fees or insurance premiums manually.