Loan Calculator: EMI & Monthly Loan Payment Calculator

Use this free loan calculator to work out your monthly payment, also called EMI (equated monthly instalment), for a personal loan, home loan, education loan or business loan. Enter the amount, interest rate and term to see your EMI, the total interest and a year-by-year repayment schedule.

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<iframe data-nl src="https://www.numbrlab.com/embed/loan/" title="Loan Calculator" width="100%" height="840" style="border:0;width:100%;max-width:760px" loading="lazy"></iframe> <p style="font:13px/1.4 sans-serif;margin:4px 0 0">Loan Calculator by <a href="https://www.numbrlab.com/money/loan-calculator/">NumbrLab</a></p> <script>addEventListener("message",function(e){if(e.origin!=="https://www.numbrlab.com"||!e.data||!e.data.nlEmbedHeight)return;document.querySelectorAll("iframe[data-nl]").forEach(function(f){if(f.contentWindow===e.source)f.style.height=e.data.nlEmbedHeight+"px";});});</script>Copy code

How to use this loan calculator

1. Choose your currency at the top.
2. Enter the loan amount and the yearly interest rate from your loan offer.
3. Pick the loan term. Your EMI and total interest update instantly.
4. Add any processing fee to see the full cost of borrowing.

How EMI is calculated

EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate (yearly rate ÷ 12 ÷ 100) and n is the number of monthly payments. Each EMI pays that month’s interest first, and the rest reduces your balance, so early payments are mostly interest.

Frequently asked questions

What is EMI?

EMI stands for equated monthly instalment: the fixed amount you repay every month until the loan is cleared. It combines interest and a repayment of the amount you borrowed.

How can I reduce my EMI?

Choose a longer term, borrow less, or negotiate a lower interest rate. A longer term lowers the EMI but increases the total interest you pay, so compare both numbers in the calculator.

Results are estimates for planning only. Your lender’s offer decides the actual EMI. Related: Mortgage calculator · Credit card payoff calculator

Home Loan EMI Table: EMI for ₹10 Lakh to ₹2 Crore

₹10 lakh · ₹15 lakh · ₹20 lakh · ₹30 lakh · ₹35 lakh · ₹45 lakh · ₹50 lakh · ₹70 lakh · ₹75 lakh · ₹90 lakh · ₹1 crore · ₹2 crore · See the full table

Car Loan EMI Table India: EMI for ₹3 Lakh to ₹25 Lakh

₹3 lakh · ₹4 lakh · ₹5 lakh · ₹6 lakh · ₹7 lakh · ₹8 lakh · ₹9 lakh · ₹10 lakh · ₹12 lakh · ₹15 lakh · ₹20 lakh · ₹25 lakh · See the full table

Personal Loan EMI Table: EMI for ₹1 Lakh to ₹25 Lakh

₹1 lakh · ₹2 lakh · ₹3 lakh · ₹4 lakh · ₹5 lakh · ₹6 lakh · ₹7 lakh · ₹8 lakh · ₹10 lakh · ₹15 lakh · ₹20 lakh · ₹25 lakh · See the full table