Free Loan / EMI Calculator
Calculate monthly EMI, total interest, and total payment for any loan. Free, instant.
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How to Calculate Loan EMI
Enter the loan amount, annual interest rate, and tenure in years. The calculator uses the standard EMI formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly rate, and n is total months.
Why Use Our Loan Calculator?
Before taking any loan — mortgage, car, personal, or student — understanding the true cost including interest is essential. This calculator shows you the exact monthly payment and total interest you will pay over the life of the loan.
Frequently Asked Questions
What is EMI? EMI (Equated Monthly Installment) is the fixed monthly payment that includes both principal and interest portions of a loan.
Does this include taxes and insurance? No. This calculates principal and interest only. Actual mortgage payments may include property tax and insurance.