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EMI Calculator

Finance

Calculate Equated Monthly Installment for loans. Input principal, interest rate, tenure. Output EMI amount, total interest, total payment.

ttb run emi-calculator
$1,580
MONTHLY EMI
$568,861
TOTAL PAYMENT
$318,861
TOTAL INTEREST
Principal 44%
Interest 56%
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How to Use EMI Calculator

Enter your loan principal amount, annual interest rate, and loan tenure in years. The calculator instantly computes your Equated Monthly Installment (EMI) — the fixed monthly payment you'll make. You'll also see the total interest you'll pay over the loan term and the total payment (principal + interest). Adjust the sliders to explore different scenarios and see how changing the interest rate or tenure affects your monthly payments.

1

Enter loan amount

Type or slide to set your loan principal amount in dollars.

2

Set interest rate

Enter the annual interest rate offered by your lender.

3

Choose loan tenure

Select the loan duration in years using the slider or input field.

4

Review your EMI

Instantly see your monthly EMI, total interest, and total payment amount.

Frequently Asked Questions

What is EMI?+
EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay a loan. It includes both principal repayment and interest, spread evenly across the loan tenure.
How is EMI calculated?+
EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is number of months.
Can I use this for home loans?+
Yes, this calculator works for any type of loan including home loans, car loans, personal loans, and education loans.
Does this include processing fees?+
No, this calculator computes EMI based on principal and interest only. Processing fees or other charges would be additional costs to consider.

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Free EMI Calculator | Calculate Loan EMI Online | TinyToolbox