Loan EMI Calculator with Interest and Total Payment.

An EMI Calculator is a free online tool that estimates your monthly loan instalment using the principal amount, annual interest rate and loan tenure. It also estimates the total interest and total repayment amount.

EMI stands for Equated Monthly Instalment. It is the fixed monthly payment a borrower generally makes to repay a loan over an agreed period. It includes both principal and interest.

For a standard fixed-rate loan, EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1). Here, P is the loan principal, r is the monthly interest rate and n is the number of monthly instalments. For a zero-interest loan, EMI is the principal divided by the number of months.

Yes. This online EMI Calculator is free to use. Enter your loan amount, annual interest rate and tenure to estimate your monthly EMI, total interest and total payment.

Yes. You can use this Home Loan EMI Calculator to estimate monthly payments for a home loan. Enter the loan principal, annual interest rate and repayment tenure.

Yes. You can estimate Personal Loan EMI, Car Loan EMI and other standard fixed-rate loan payments by entering the relevant loan amount, interest rate and tenure.

Generally, a longer tenure reduces the monthly EMI for the same principal and interest rate. However, it usually increases the total interest paid over the life of the loan.

No. The result is an estimate, not a bank quotation or loan approval. The actual EMI may differ because of lender-specific calculations, fees, insurance, rate changes or other loan conditions.