Loan EMI Calculator
Estimate your monthly loan installments (EMI), total interest payable, and total loan cost for home, car, or personal loans.
Amortization Calculator Widget
Calculation Result
Enter inputs above and click Calculate to view results.
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About Loan EMI Calculator
The Loan EMI Calculator calculates the Equated Monthly Installment (EMI) payable on home loans, personal loans, car loans, or other amortized mortgages. In addition, it displays a comprehensive breakdown of the total interest payable vs. the initial principal borrowed.
Amortized Loan EMI Formula:
EMI = [P * r * (1 + r)^n] / [(1 + r)^n - 1]
Where P represents the principal, r represents the monthly interest rate (annual interest divided by 12, then divided by 100), and n is the loan term in total months.