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FINANCE & LOAN CALCULATOR

Calculate YourLoan EMI Easily

Quickly calculate your monthly EMI, total interest and total repayment for personal loans, home loans, car loans and more.

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LOAN CALCULATOR

Calculate Your EMI

Enter your loan details and instantly see your estimated monthly repayment.

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How Loan EMI Calculation Works

A loan EMI is calculated using the principal amount, interest rate and repayment tenure. Changing any of these values changes your monthly repayment and total interest.

01

Enter Loan Amount

Enter the amount you want to borrow.

02

Add Rate & Tenure

Enter the annual interest rate and repayment period.

03

View Your EMI

See your monthly EMI, total interest and total repayment.

Loan EMI Formula

The standard EMI formula uses the principal amount, monthly interest rate and number of monthly payments.

EMI = P × R × (1 + R)ⁿ ÷ ((1 + R)ⁿ − 1)
P = Principal loan amount
R = Monthly interest rate
N = Number of monthly payments
Useful For

Plan Different Types of Loans

Use the calculator to estimate repayments for different borrowing scenarios.

Home Loan

Estimate monthly home-loan repayments.

Car Loan

Plan your vehicle financing.

Personal Loan

Understand personal-loan costs.

Business Loan

Estimate business financing repayments.

FAQ

Loan Calculator Questions

What is an EMI?
EMI stands for Equated Monthly Instalment. It is the regular amount paid toward a loan, generally consisting of both principal and interest.
Does a higher tenure reduce EMI?
A longer repayment tenure generally reduces the monthly EMI, but it can increase the total interest paid over the life of the loan.
Does the calculator store my loan information?
The calculator performs the calculation in your browser. ToolTower does not require an account to use this calculator.
Can I calculate a zero-interest loan?
Yes. If the interest rate is entered as zero, the calculator divides the principal amount equally across the selected number of payments.