Loan and EMI calculator

Work out the monthly payment, total interest and total cost of a personal, car or any fixed-rate loan.

—Monthly payment
—Total interest
—Total paid

Results are estimates for planning only and are not financial advice. Check exact figures with your lender or provider.

Show yearly amortization table

Questions

How is the monthly payment (EMI) calculated?

It uses the standard formula for a fixed-rate loan: the amount borrowed, the monthly interest rate and the number of payments give one equal payment each month.

What does EMI mean?

EMI stands for equated monthly installment. It is the fixed amount you pay each month, covering both interest and principal.

How can I pay less interest?

A shorter term or a lower rate reduces total interest. Change the term here to compare the monthly payment against the total cost.

Does this include fees?

No. Origination fees, insurance and other charges are not included, so your lender's figures may differ slightly.

Is my information stored?

No. Everything is calculated in your browser.