Loan EMI Calculator
Calculate your monthly loan EMI, total interest and total repayment amount using the standard reducing-balance formula with principal, rate and tenure inputs.
- Standard EMI formula
- Total interest computation
- Monthly payment breakdown
Enter your loan details
Provide the principal loan amount, annual interest rate as a percentage and loan tenure in months. The calculator uses the standard reducing-balance EMI formula.
Read the payment summary
The output shows your fixed monthly installment (EMI), total amount paid over the full tenure and total interest charged above the principal.
Compare different tenures
Shorter tenures have higher monthly EMI but lower total interest. Longer tenures reduce monthly burden but increase cumulative interest payments.
Understand formula scope
The calculator applies the mathematical EMI formula only. Processing fees, prepayment penalties, insurance and GST charges from your lender are excluded.