Calculate your monthly loan installment (EMI), total interest, and total repayment amount.
This free loan and EMI (Equated Monthly Installment) calculator helps you plan any loan — a personal loan, car loan, home loan, or business loan — by instantly calculating your fixed monthly payment, the total interest you'll pay over the life of the loan, and your total repayment amount.
Just enter the loan amount, annual interest rate, and tenure in years, and the calculator uses the standard EMI formula to give you an accurate breakdown. It works with any currency, since it's just working with plain numbers, making it useful no matter where you're borrowing from.
EMI (Equated Monthly Installment) is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan principal, r is the monthly interest rate, and n is the number of monthly installments.
Yes — the calculator works with plain numbers, so you can use it with any currency (PKR, USD, INR, etc.). Just enter your loan amount in whichever currency you use.
Total payment is everything you'll pay back (principal + interest combined). Total interest is just the extra cost of borrowing, on top of the original loan amount.
No, all calculations happen locally in your browser. Nothing is sent to a server or saved.