Calculators

EMI CALCULATOR

Compare loans, check affordability, view monthly or yearly amortization, and explore rate-tenure trade-offs.

Private by design No signup · Free

Loan Details

Loan Amount ($)

Annual Interest Rate (%)

Loan Tenure (years)

What-If

Test different loan scenarios

Prepayment Plan

See savings from extra monthly payments

Extra Monthly Payment ($)

Interest Saved

0 mo

Time Reduced

History

Payment Summary

Estimates for education only — not financial, tax, or investment advice. Verify with a qualified professional. Disclaimer

Monthly EMI

Total Payment

Total Interest

Total Months

Monthly Income ($)

EMI / Income:—

Loan Comparison

Amount B ($)

Rate B (%)

Tenure B (yr)

EMI B

Interest B

vs Your EMI

Interest Saved

Amortization

Year	EMI Paid	Principal	Interest	Balance

Rate vs Tenure

EMI at different rate & tenure combos

Frequently Asked Questions

How does the EMI Calculator work?

Enter loan amount, annual rate and tenure in years, then press Calculate. The tool computes EMI, total interest, amortization, affordability ratio, Loan B comparison and prepayment savings instantly in your browser.

Is the EMI Calculator free to use?

Yes, the EMI Calculator is 100% free with unlimited loan scenarios, amortization tables and PDF-style copy/download. No sign-up, no paywall, runs fully in your browser.

How accurate are the results?

EMI uses reducing-balance math P×r×(1+r)^n÷((1+r)^n−1) rounded to paise with full amortization. Confirm processing fees and reset clauses with your lender, since they raise effective cost above the base EMI.

Is my data safe when using EMI Calculator?

Yes. Loan amounts, rates and income you type stay on your device and in optional localStorage history. Nothing is uploaded, tracked or shared with any server.

What is EMI?

EMI (Equated Monthly Installment) is a fixed monthly payment you make to repay a loan. Each EMI includes both principal repayment and interest. The EMI amount depends on the loan amount, interest rate, and tenure.

How is EMI calculated?

EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly installments.

What factors affect my EMI?

Three main factors: loan amount (higher amount = higher EMI), interest rate (higher rate = higher EMI), and tenure (longer tenure = lower EMI but more total interest).

Can I prepay my loan to reduce EMI?

Yes. Prepaying part of your loan reduces the principal balance, which lowers the total interest. You can either reduce the EMI amount or shorten the tenure.

How to Use

Enter Loan Details

Type the loan amount, annual interest rate, and loan tenure in years.

View Your EMI

See the monthly EMI, total payment, and total interest instantly.

Plan Your Finances

Use the results to compare different loan offers or plan your monthly budget.

How to Calculate

Monthly EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly rate (annual/12/100), n is months. Total interest = EMI x n - P. Extra monthly payments shorten tenure; Loan B comparison shows interest saved.

About the EMI Calculator

The EMI Calculator is a free online tool that calculates monthly loan installments for any loan amount, interest rate, and tenure. It shows your monthly EMI, total payment over the loan term, and total interest payable.

All calculations happen locally in your browser. No data is sent to any server, no sign-up required, and your input values are saved in local storage for convenience between visits.

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Methodology & feedback

Figures run locally in your browser from the values you enter (page updated 2026-10-02). Estimates are educational only — verify finance, tax and health decisions with a qualified professional (see Disclaimer). Spotted an error? Report it via contact and we correct with a new update date.

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