Loan EMI Calculator
Calculate monthly loan payments, interest, and total cost.
Monthly Payment (EMI)
1,863.93
Total Interest
197,343.88
Total Paid (240 payments)
447,343.88
How EMI is calculated
An Equated Monthly Installment keeps your payment constant over the loan term. It's computed with the standard amortization formula EMI = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of months. Early payments go mostly toward interest and later ones toward principal. All math runs locally — nothing is sent anywhere.
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