EMI Calculator
Work out the monthly instalment (EMI) for a loan, along with the total amount you'll repay and the total interest.
Enter loan details above.
How to calculate a loan EMI
- Enter the loan amount.
- Enter the annual interest rate and the tenure in years.
- Read the monthly EMI, total payment and total interest below.
Frequently asked questions
What formula does this use?
The standard reducing-balance EMI 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 instalments.
Does this include processing fees or insurance?
No — this is the EMI on the loan amount only. Your lender may add other charges.