Calculators / FREE ONLINE TOOL
Online Loan EMI & Interest Calculator for India
Estimate monthly loan payments and total interest.
- 1Set the loan amount
- 2Adjust rate and term
- 3Read the estimate
Loan EMI Calculator
Free · No signup
Monthly EMI
₹10,501
Total Interest
₹1,30,056
Total Amount
₹6,30,056
Principal (79%)
Interest (21%)
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ABOUT THIS TOOL
Why use this tool?
Banks frequently advertise low interest rates without making the compound total cost clear. This tool gives you the exact math before you apply.
Frequently Asked Questions
What formula is used to calculate loan EMI?
Formula: EMI = [P × R × (1+R)^N] / [(1+R)^N - 1], where P is Principal, R is monthly interest rate, and N is the number of monthly installments.
Does this calculator work for both Home and Car loans?
Yes, it works accurately for any fixed-rate reducing-balance loan (Home, Car, Personal, Education, or Business).
Can I see the ratio of interest vs principal?
Yes, the dual-colored progress bar shows the exact percentage of your payments going toward interest versus principal.