Monthly EMI
₹ 0
Principal Amount
₹ 0
Total Interest
₹ 0
Total Payment
₹ 0
Navy: Principal | Blue: Interest
📗 How to Use the EMI Calculator (Loan EMI, Interest, Total Payment)
- Enter Loan Amount: Type the total amount you plan to borrow.
- Enter Annual Interest Rate: Provide the interest rate (%) charged by the lender.
- Select Loan Tenure (Years): Enter how long you will take to repay the loan.
- Click “Calculate EMI”: The tool will calculate your monthly EMI instantly.
- Review Breakdown: View EMI, total interest, and total payment details.
- Click “Reset”: Clear inputs and start a fresh calculation.
💡 Tip: Try different interest rates or tenure values to compare EMI affordability.
An EMI Calculator helps you estimate the monthly repayment amount for loans such as:
- 🏦 Home Loans
- 🚗 Car Loans
- 📱 Personal Loans
- 🎓 Education Loans
- 💼 Business Loans
The calculator makes loan planning easier by showing EMI, interest, and total cost instantly.
The EMI Calculator uses the standard mathematical formula to compute EMI:
📌 EMI Formula:
EMI = [ P × r × (1 + r)n ] ÷ [ (1 + r)n – 1 ]
Where:
- P = Loan amount
- r = Monthly interest rate (Annual Rate / 12 / 100)
- n = Loan tenure in months
What the calculator does:
- 🧮 Converts interest rate into monthly rate
- ➗ Converts tenure from years to months
- 📈 Applies compound interest formula
- 📊 Displays EMI, total interest & total payment
💡 This ensures accurate EMI results for any loan type.
| Result | Meaning | How to Use It |
|---|---|---|
| Monthly EMI | Fixed monthly payment to lender. | Check affordability based on income. |
| Total Interest | Total extra money paid over loan period. | Choose lower tenure to reduce interest. |
| Total Payment | Principal + interest. | Plan your long-term loan cost. |
💬 Use these values to compare loan offers and negotiate interest rates.
- 📅 Choose shorter tenure to reduce interest burden.
- 📉 Negotiate for lower interest rates.
- 💰 Make prepayments whenever possible.
- 📊 Compare EMI before finalizing any loan.
- 🛡️ Maintain good credit score for better loan offers.
- 📈 Avoid taking loans beyond repayment capacity.
💡 Smart EMI planning helps you save significant money over time.
- ❓ Is EMI fixed every month?
Yes, EMI stays constant throughout the loan tenure. - ⚙️ Why is total interest so high?
Longer tenure means more total interest paid. - 📈 Can I reduce EMI?
Choose a longer tenure or negotiate lower interest. - 💬 Does prepayment reduce EMI?
It reduces outstanding principal and total interest. - 🔒 Is my data saved?
No — everything runs locally in your browser.
Need more help? Visit our Support Page.
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