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Loan / EMI Calculator

Calculate the monthly payment, total interest and total cost of a fixed-rate loan.

  1. Enter loan amount, rate and term
  2. Read the monthly payment
  3. Check total interest and cost
400.76
Monthly payment
4045.54
Total interest
24045.54
Total payment

Standard fixed-rate amortization — assumes equal monthly payments for the full term.

Frequently asked questions

How is the monthly payment calculated?
It uses the standard fixed-rate amortization formula, based on the loan amount, annual interest rate and term, to split each payment between principal and interest so the loan is fully paid off by the end of the term.
What is EMI?
EMI (Equated Monthly Installment) is just another name for the fixed monthly payment on a loan — the same figure this calculator produces.
Does it account for extra fees or insurance?
No — it calculates principal and interest only, based on the loan amount, rate and term you enter. Add any fees or insurance separately if your loan includes them.
Is my loan information uploaded or stored?
No. The calculation runs entirely in your browser — nothing you enter is sent to a server or stored.
Do I need to install anything or sign up?
No. It runs entirely in your browser — no software install, no account, no email required.
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