About the Loan EMI Calculator
Loan EMI Calculator does the math for you. Enter your values in the format shown and the result appears immediately — no spreadsheets, no formulas to remember, and nothing is uploaded to a server.
How Loan EMI works
An EMI (Equated Monthly Instalment) keeps every monthly payment the same:
EMI = P × r × (1+r)^n / ((1+r)^n − 1)
where P = loan amount, r = monthly rate (annual% / 12 / 100), and n = number of months.
Worked example — 0,000 at 8% per year for 5 years:
- Monthly rate: 8 / 12 / 100 = 0.006667
- Months: 5 × 12 = 60
- Apply the formula: EMI ≈ ,027.64 per month
- Total paid: 2027.64 × 60 = 1,658, of which ,658 is interest.
How to use
- Enter your values as shown in the input box.
- The result is calculated instantly.
- Click Copy to use it.
Examples
| Input | Monthly EMI |
|---|---|
0,000, 8%, 5 yr | ,027.64 / month |
,000, 6%, 3 yr | 0.55 / month |
Common uses
- Quick everyday math.
- Double-checking figures fast.
- Schoolwork and homework.
- Finance, health and planning.
Frequently asked questions
Is my data uploaded?
No — the calculation runs entirely in your browser, so your data stays private.
Is it free?
Yes — completely free with no sign-up.