This is an estimate for a standard fixed-rate loan. Your bank may add fees or use a slightly different method. This tool does not provide financial advice.
Enter the total loan amount you wish to borrow.
Input the annual interest rate as a percentage (e.g. 6.5).
Enter the loan term and select whether it's in years or months.
Click Calculate Monthly Payment to see your EMI, total payable, and total interest.
All calculations and data stay in your browser. Nothing is uploaded or stored.
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It uses the standard amortization 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 payments.
Yes. This calculator works for home loans, car loans, personal loans, student loans, and any other fixed-rate installment loan.
No. The tool calculates the EMI based on the principal, rate, and term only. Actual loan costs may include additional fees from lenders.