Free Business tool
Loan EMI Calculator
Calculate monthly EMI, total interest and total payment for a business, home or personal loan, with a yearly breakdown.
Runs entirely in your browser — nothing you enter is sent or stored.
Frequently asked questions
How is EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r the monthly interest rate and n the number of monthly instalments.
Does a longer tenure save money?
It lowers the monthly EMI but increases the total interest you pay over the life of the loan.