Loan & EMI Calculator
Calculate your monthly loan payment (EMI), total interest and total cost from the amount, interest rate and term.
Currency
Monthly payment (EMI)
$400.76
over 60 payments
Principal$20,000.00
Total interest$4,045.54
Total amount payable$24,045.54
Frequently asked questions
The EMI uses the standard amortization formula: EMI = P·r·(1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly payments (years × 12).
No. It calculates principal and interest only. Add any one-time fees separately, as lenders handle those differently.
No. The calculation runs entirely in your browser — nothing you enter is uploaded or stored.