EMI Calculator

Calculate the monthly EMI (loan installment) for a home, car, or personal loan.

LOAN DETAILS

Enter your loan details above to see the monthly EMI.

What this tool does

An EMI (equated monthly installment) calculator works out the fixed monthly payment on a loan from its principal, interest rate, and term, using the same amortization formula lenders use for home, car, and personal loans.

How it works

  1. Enter the loan amount (principal).
  2. Enter the annual interest rate.
  3. Enter the loan tenure in years, then click Calculate EMI to see the monthly payment, total interest, and total payment.
Example: A $20,000 loan at 8% annual interest over 5 years works out to a monthly EMI of roughly $405.55, with about $4,333 in total interest paid over the loan.
Yes. The emi calculator is completely free, with no signup, no watermark, and no limit on how many times you use it.
It uses the standard published formula for this calculation, so results match what you'd get doing the math by hand — instantly and without the risk of a manual error.
Yes — it's fully responsive and works the same on mobile, tablet, or desktop, with no app to download.
No. Your inputs are used only to calculate your result in the browser and aren't stored or sent anywhere.
Yes — "emi calculator" and "loan emi calculator" describe the same task. This page is built to handle that search directly, without redirecting you elsewhere.