Loan & EMI Calculator
Calculate monthly EMI, total interest, and total repayment for home loans, car loans, personal loans, or any borrowed amount.
How the Loan & EMI Calculator Helps You
A Loan & EMI Calculator is one of the most essential tools for financial planning. Whether you are applying for a home loan, personal loan, education loan, or car loan, knowing your exact monthly EMI helps you budget better. This calculator uses the standard EMI formula to give instant and accurate results within milliseconds.
By entering your loan amount, interest rate, and loan tenure, you will clearly see how much you will pay every month, how much total interest you are being charged, and the overall repayment amount. This helps you compare loan offers from banks, NBFCs, and online lenders, making sure you choose the most affordable option.
EMI calculators are extremely helpful when deciding how long your loan tenure should be. Shorter tenures reduce interest but increase monthly EMI, while longer tenures reduce EMI but increase total interest. This simulator allows you to try multiple combinations until you find the perfect balance for your financial situation.
Frequently Asked Questions
1. What is EMI?
EMI refers to Equal Monthly Installment — the fixed monthly payment you make toward a loan.
2. Does a longer tenure reduce EMI?
Yes, longer tenure reduces EMI but increases total interest payable.
3. Which loans use EMI?
Home loans, car loans, personal loans, education loans, and most bank loans use EMI structure.