Before signing up for any loan — personal, auto, or otherwise — it helps to know exactly what the monthly payment will be and how much of it is interest. This calculator uses the standard EMI formula to show your monthly payment, total interest, and total repayment instantly.
How to use the loan emi calculator tool
- 1
Enter the loan amount
The total amount you're borrowing.
- 2
Enter the interest rate and term
Annual interest rate and how many years you'll repay over.
- 3
Read your monthly payment
See your EMI, total interest, and total repayment instantly.
Common use cases
Compare loan offers
Check the true monthly cost and total interest across different rates or terms before choosing a lender.
Plan a car or personal loan
See what a loan will actually cost you monthly before applying.
Understand interest vs. principal
See how much of the total repayment is interest versus the original amount borrowed.
Frequently asked questions
Equated Monthly Installment — the fixed amount you pay every month toward a loan, covering both principal and interest.