Calculate EMI, total interest, and payment schedule for your loan.
Calculate your loan EMI (Equated Monthly Installment), total interest, and payment schedule. This free loan calculator works for home loans, car loans, personal loans, and any other type of loan.
EMI Formula: EMI = [P × R × (1+R)^N] / [(1+R)^N-1], where P = Principal, R = Monthly interest rate, N = Number of months.
How to Use: Enter your loan amount, annual interest rate, and loan term in years. The calculator instantly shows your monthly EMI, total interest payable, and total payment amount.
Use Cases: Home loan planning, car loan calculation, personal loan comparison, mortgage planning, debt consolidation, refinancing decisions.