Loan Calculator
Free online loan calculator — estimate monthly EMI, total interest, and total repayment for any loan amount, interest rate, and tenure.
Plan any loan
Monthly Payment
Where your payment goes
Your payment stays the same each month, but the share going toward principal grows as the loan is repaid.
How loan EMIs work
This calculator uses the standard amortization formula and works for personal loans, auto loans, or any other fixed-rate installment loan.
The EMI formula
Lenders spread principal and interest into equal monthly installments over your loan tenure.
Example calculation
A ₹2,50,000 loan at 11% interest over 5 years.
Reducing your total interest
A few habits can meaningfully lower how much interest you pay over the life of the loan.
Make extra payments
Any additional amount toward the principal reduces the balance interest is calculated on, shortening the loan.
Choose a shorter tenure
A shorter tenure raises the EMI but cuts total interest significantly over the loan's life.
Compare rates first
Even a 1% difference in interest rate can change total interest paid by a noticeable amount.
Frequently asked questions
Common questions about loan EMIs and how this calculator works.
What types of loans can I calculate here?
Any fixed-rate installment loan — personal loans, auto loans, appliance loans, or similar — as long as it has a fixed interest rate and tenure.
Does this include processing fees?
No — this calculates principal and interest (EMI) only. Lenders often add a one-time processing fee, so your actual upfront cost may be slightly higher.
What happens if I prepay part of the loan?
Prepaying reduces your outstanding principal, which lowers either your EMI or your remaining tenure, depending on what your lender allows.