EMI / Loan Calculator
Monthly payment, total interest, and total repayment.
Monthly EMI
Total interest
Total repayment
This is a standard reducing-balance EMI estimate. Your actual bank may apply fees, insurance, or a different calculation method — use this as a planning estimate, not a final quote.
Before taking out a loan, knowing the real monthly payment matters — this calculates EMI, total interest, and total repayment using the standard reducing-balance formula banks use.
How it works
- Enter the loan detailsAmount, annual interest rate, and term in years.
- It calculates liveUses the standard reducing-balance EMI formula as you type.
- Read your monthly paymentAlong with total interest and total amount repaid over the loan term.
FAQ
What is EMI?
Equated Monthly Installment — the fixed amount you pay each month toward a loan, covering both principal and interest.
Does this include processing fees or insurance?
No — this is a pure interest calculation. Your bank may add fees that increase your actual monthly cost.