Loan / EMI Calculator
Find your monthly payment and total interest for any loan.
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monthly payment
How loan payments work
An EMI, or equated monthly instalment, is the fixed amount you pay each month until a loan is fully repaid. Each payment covers part of the interest and part of the original amount you borrowed. Early payments are mostly interest; later ones are mostly principal.
This calculator uses the standard amortisation formula. Enter the amount you want to borrow, the yearly interest rate, and how many years you will take to repay. It returns your monthly payment, the total you will pay over the life of the loan, and how much of that is interest.
Tip: A shorter term means higher monthly payments but far less interest overall. Try a few terms to see the trade-off.
Common questions
- Does this include fees?
- No. Lenders may add processing fees or insurance, so your real payment can be slightly higher.
- What if the interest rate is 0%?
- The tool simply divides the amount by the number of months.