Loan EMI Calculator – Calculate Monthly Payments for Home, Personal & Car Loans

Take control of your loan journey with our easy-to-use Loan EMI Calculator. Whether you're planning a home loan, personal loan, car loan, or education loan, this tool helps you understand your monthly repayment, total interest, and full repayment amount.

What This Calculator Shows:

  • Monthly EMI (Equated Monthly Instalment)
  • Total Interest Payable over the loan period
  • Total Payment = Principal + Interest

Just enter your loan amount, interest rate, and loan tenure. The results are instant and accurate—perfect for financial planning and loan comparison.

How to Use the Loan Calculator

  1. Enter the loan amount you wish to borrow
  2. Input the annual interest rate (e.g., 10%)
  3. Select the loan tenure in months or years
  4. Click "Calculate" to view EMI, total interest, and total payment

Example Calculation

If you borrow ₹5,00,000 at 10% annual interest for 3 years, your monthly EMI would be ₹16,133. Total interest payable would be ₹80,809, and your total repayment would be ₹5,80,809.

Who Should Use This Calculator?

  • Salaried professionals planning a personal or car loan
  • Home buyers looking to check EMIs before applying
  • Small business owners calculating interest burden

Try our Income Tax Calculator to estimate your tax before applying for a loan, or use our Age Calculator to check age eligibility for certain loan types.

Why Use a Loan EMI Calculator?

  • Plan your monthly expenses with clarity
  • Visualise how much interest you'll pay
  • Compare multiple loan offers to find the best fit
  • Make better borrowing decisions based on facts

Start managing your finances with confidence. Use this free EMI calculator for faster, smarter loan planning.

Frequently Asked Questions

1. How is EMI calculated?

EMI is calculated using the formula:
EMI = [P × R × (1+R)N] / [(1+R)N – 1]
Where:

  • P = Loan Amount
  • R = Monthly Interest Rate (Annual rate ÷ 12 ÷ 100)
  • N = Loan Tenure in Months

2. Can I use this for all types of loans?

Yes, this calculator works for all types of loans including personal, home, auto, business, and education loans.

3. Does this calculator support part-prepayment?

No, this is a basic loan calculator. Advanced features like part-prepayment will be available in upcoming tools.




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