EMI calculator — home, car and personal loans
Enter a loan amount, interest rate and tenure and get the monthly EMI, total interest and total payment. It calculates in your browser (0 uploads, works offline).
How to use it
- Enter your figures in the fields above.
- The result and the formula used appear instantly.
- Copy or Download the result.
FAQ
How do I calculate my loan EMI for free?
Enter the loan amount, annual interest rate and tenure in months — the EMI appears instantly in your browser with no upload, along with the total interest and total repayment. It uses the standard reducing-balance EMI formula banks use.
How is EMI calculated?
EMI = P·r·(1+r)^n ÷ ((1+r)^n − 1), where P is the loan, r the monthly rate and n the months. The tool shows this formula so you can verify the number.
Is my data uploaded?
No. The calculation runs locally and nothing is stored; it works offline.
Will this match my bank exactly?
It is an estimate on the standard formula. Your bank may add processing fees, insurance or use slightly different rounding, so treat it as a close guide.
Limits
An estimate on the reducing-balance formula, pending independent review. Fees and rounding are not included.
Related
The loan comparison tool weighs two loans side by side; the SIP calculator projects investments.
Bookmark this page (Ctrl+D, or ⌘D on Mac) or install the app — it works offline the next time you need it.