EMI / Loan
About the EMI / Loan calculator
Use this free EMI / Loan calculator. Enter loan amount, interest % / year, years and it shows monthly emi, total payment, total interest instantly. With the default values, the monthly emi comes to 20,758.36.
How the EMI / Loan calculation works
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan, r the monthly rate and n the months. Total interest is EMI × n − P.
Tip: A shorter term raises the payment but cuts total interest sharply, so compare several terms.
Frequently asked questions
What does the EMI / Loan calculator do?
It takes loan amount, interest % / year, years and instantly calculates monthly emi, total payment, total interest.
Is the EMI / Loan calculator free?
Yes. It is free, needs no signup and runs in your browser, so your numbers are not stored.
Which currency does it use?
Amounts are plain numbers, so use any currency consistently.
EMI / Loan calculator in other places
Houston, TXSan Antonio, TXDallas, TXAustin, TXFort Worth, TXEl Paso, TXArlington, TXPlano, TXLos Angeles, CASan Diego, CASan Jose, CASan Francisco, CAFresno, CASacramento, CABrowse by state
AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareWashington DCFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingEmbed this calculator on your website
Free to use. Copy and paste this code into your page.