Loan / EMI Calculator

The instalment on a fixed-rate loan, what it costs in total, and the full payment-by-payment schedule showing how the split shifts from interest to principal.

Loan amount

Annual interest rate (%)

Currency

Loan term

Term is in

Payments made

This is the arithmetic of a fixed-rate amortising loan. It does not include fees, insurance, taxes or early-repayment charges, and a lender may round differently. Treat it as an estimate, not a quote.

How to Use the Loan & EMI Calculator

Enter the amount you want to borrow.
Enter the annual interest rate and the repayment period.
Read the monthly payment, the total interest and the total you repay.
Change any figure to compare one arrangement against another.

What You Can Do

Estimate the equal monthly instalment for a fixed-rate loan.
See total interest separately from the amount borrowed.
Compare a shorter term against a longer one to see what the extra interest costs.
Works for any currency, since the maths does not depend on one.

Frequently Asked Questions

What is an EMI?

An equated monthly instalment is a fixed payment covering both interest and principal, so the loan is fully repaid by the end of the term.

Why does a longer loan term cost more overall?

The monthly payment falls, but interest is charged for longer, so the total repaid rises.

Does this include fees, insurance or taxes?

No. It calculates principal and interest only. Arrangement fees and insurance are extra.

Why does my lender quote a slightly different figure?

Lenders differ on rounding, the day count they use, and when the first payment falls. Treat this as an estimate for comparison.