Calculators
Calculate loan EMI and total interest
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Calculate your loan EMI (Equated Monthly Installment) instantly. This loan calculator helps you understand your monthly payment obligations, total interest payable, and total loan cost. Perfect for home loans, personal loans, car loans, and any other fixed-rate loans.
Calculate your loan EMI (Equated Monthly Installment) instantly. This loan calculator helps you understand your monthly payment obligations, total interest payable, and total loan cost. Perfect for home loans, personal loans, car loans, and any other fixed-rate loans.
EMI stands for Equated Monthly Installment. It is the fixed amount you need to pay every month towards your loan principal and interest.
EMI = P(r(1+r)^n)/((1+r)^n-1) where P is principal, r is monthly interest rate, and n is number of months.
Yes, you can adjust the loan tenure (in months). Longer tenure means lower EMI but higher total interest, and vice versa.
This calculator shows basic EMI. Banks may charge additional processing fees, insurance, etc. Consult your bank for accurate calculations.
Use the annual interest rate offered by your bank. Rates vary based on loan type, credit score, tenure, and market conditions.
Yes, most banks allow prepayment. Early payment reduces total interest but check for prepayment penalties with your lender.