Enter loan amount, interest rate, and tenure to calculate monthly payment
Client-Side Processing · No Data UploadedThe Loan EMI Calculator helps you quickly calculate the monthly payment for amortized loans. Simply enter the loan amount, annual interest rate, and loan tenure to instantly get the monthly payment, total interest, and total repayment amount. You can also view a detailed month-by-month amortization schedule showing the principal and interest breakdown for each payment.
All calculations are performed locally in your browser. No data is uploaded to any server, protecting your financial privacy.
Mortgage Planning: Estimate monthly mortgage payments before buying a home to assess your repayment capacity. Adjust loan amount and tenure to find the best loan plan.
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EMI (Equated Monthly Installment) is a loan repayment method where you pay a fixed amount each month, consisting of both principal and interest. Interest portion is higher in the early months and decreases over time, while principal portion increases, but the total monthly payment remains constant.
The EMI formula is: EMI = P * r * (1+r)^n / ((1+r)^n - 1), where P is the loan principal, r is the monthly interest rate (annual rate / 12 / 100), and n is the total number of months. This tool performs the calculation automatically.
No. This tool runs entirely in your browser. All calculations happen on your device. No data is sent to any server, and it works even without an internet connection.
This tool uses the reducing balance (amortized) method, suitable for home loans, car loans, personal loans, education loans, and most fixed-rate installment loans. For variable rate loans, you can estimate using the current rate.
Enter the annual interest rate as a percentage. For example, enter 5.5 for 5.5% annual rate. The tool automatically converts it to a monthly rate. If you know the monthly rate, multiply by 12 to get the annual rate.