Loan & EMI Calculator
Calculate the equated monthly instalment (EMI), total interest and total cost of any loan.
How to use the Loan & EMI Calculator
Use this for personal loans, car loans, student loans or business loans. Enter the amount, annual interest rate and tenure to see your fixed monthly instalment and how much of what you repay is interest.
Formula
EMI = P × r × (1 + r)ⁿ ÷ [(1 + r)ⁿ − 1]
Worked example
A 25,000 loan at 9% for 5 years has an EMI of about 518.96 and total interest of roughly 6,138.
Frequently asked questions
What does EMI mean?
Equated Monthly Instalment — a fixed payment that covers both interest and principal so the loan is fully repaid by the end of the term.
How can I reduce my EMI?
Choose a longer tenure, negotiate a lower rate, or make a larger down payment. A longer tenure lowers the EMI but increases total interest.
Does prepayment help?
Yes. Extra payments reduce the outstanding principal, which cuts future interest; check your lender's prepayment terms first.
Results are estimates for educational and planning purposes. Always confirm important financial, health or legal decisions with a qualified professional. Last reviewed 2026-09-27.