EMI / loan calculator

Estimate monthly loan payments, total interest, and payoff amount.

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How to use EMI calculator

Type the loan amount, interest rate, and tenure in months or years. EMI uses the standard reducing-balance formula. Compare tenures to see how a longer loan lowers the monthly bill but raises total interest.

Plan a home, car, or personal loan. Enter principal, annual rate, and tenure to see EMI, total payment, and interest. A simple amortization snapshot shows how much of the first year is interest.

Also searched as emi calculator, loan calculator, mortgage payment. All processing for this tool happens in your tab unless labeled otherwise.

Questions

Is this official bank math?

It uses the standard EMI formula. Origination fees, taxes, and variable rates are not included.

Monthly vs yearly tenure?

Toggle the unit. 5 years equals 60 months.

Prepayment?

Not modeled. Use this as a starting point, then ask your lender.

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