Loan EMI Calculator
Turn a loan amount, rate, and term into a monthly payment.
Your monthly payment appears here
Enter the loan amount, annual interest rate, and term. The EMI and totals update live as you type — right here in your browser, with nothing sent to a server.
Runs entirely in your browserEstimate your monthly loan payment, locally
This calculator uses the standard EMI (equated monthly instalment) formula for a fixed-rate amortising loan. Enter the amount you borrow, the annual interest rate, and the term in years. The monthly rate is the annual rate divided by twelve, and the number of payments is the term multiplied by twelve. The tool then shows what you pay each month, the total you repay over the life of the loan, and how much of that is interest. Everything runs in your browser and nothing is uploaded.
Common questions
What is EMI?
EMI stands for Equated Monthly Instalment — the fixed amount you pay each month on an amortising loan. Each payment covers interest on the remaining balance plus a portion of the principal, so the loan is fully paid off at the end of the term.
How is the monthly payment calculated?
It uses EMI = P·r·(1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of months (years × 12).
What happens if the interest rate is 0%?
With a 0% rate the payment is simply the principal divided by the number of months, and the total interest is zero. The calculator handles this case automatically.
Does this include fees, taxes, or insurance?
No. It calculates the principal-and-interest payment only. Real loans may add origination fees, taxes, or insurance, so treat this as an estimate of the core repayment.
Are my loan figures sent anywhere?
No. The math runs entirely in your browser with JavaScript. Nothing you type is uploaded or stored on a server — the calculation is fully client-side and private.