About This Tool
Our Loan EMI Calculator helps you calculate your monthly installment based on the loan amount, interest rate, and repayment period. It also shows total interest paid and total repayment amount to help you plan your finances better.
Enter Loan Details
Your EMI Result
Frequently Asked Questions
Q: What is EMI?
A: EMI stands for Equated Monthly Installment — it's the fixed amount you pay every month to repay a loan.
Q: How is EMI calculated?
A: EMI = [P × R × (1+R)N] / [(1+R)N – 1], where P = Principal, R = Monthly interest rate, N = Number of payments.
Q: Can I use this for home, car, or personal loans?
A: Yes! You can use this tool for all kinds of loans including home, car, education, and personal loans.
Q: Is this really free?
A: Yes! No cost and no registration needed — just enter your loan details and get instant results.
Q: Can I download the result?
A: Yes! Click the "Download Result" button to save the EMI result as a `.txt` file.