Loan & EMI Calculator
Monthly payment (EMI), total interest and total repayment for a fixed-rate loan.
Calculate monthly loan EMI, total interest and payoff schedule for any loan amount, rate and tenure. See the first-month principal/interest split and your exact payoff date.
Formula: standard reducing-balance amortization (EMI = P r (1+r)^n / ((1+r)^n - 1)).
How to use the Loan / EMI Calculator
- Enter the loan amount, annual interest rate and tenure.
- Monthly payment, total interest and total repayment appear instantly.
- Check the first-month split and payoff date.
Frequently asked questions
How is EMI calculated?
Using the standard amortization formula: EMI = P x r x (1+r)^n / ((1+r)^n - 1), where r is the monthly interest rate.
What is the EMI for a 5 lakh loan at 8.5% for 10 years?
Rs 6,199 per month — enter the values above to confirm and see the full breakdown.
Does the EMI include insurance?
No — this is pure principal plus interest. Add any insurance or fees separately.
Can I prepay the loan?
That depends on your bank's policy, not on this calculation. Prepayment reduces principal and shortens tenure.