Loan / EMI Calculator
What this calculator is about
This Loan / EMI Calculator helps you figure out how much you’ll pay every month (EMI) for a loan — whether it’s a home loan, car loan, education loan, or personal loan.
It shows your Monthly EMI (Equated Monthly Installment), Total Interest Payable, and Total Payment (Principal + Interest) based on:
- The amount you borrow
- The interest rate
- The loan duration (in years)
How to use it
- Enter Loan Amount (₹) — the total amount you want to borrow.
Example: 500000 for ₹5 lakh. - Enter Annual Interest Rate (%) — the rate your bank or lender charges per year.
Example: 8.5 - Enter Loan Tenure (Years) — how long you’ll take to repay the loan.
Example: 5 years - Click the “Calculate EMI” button.
The calculator will instantly show:
Your monthly EMI (how much you pay every month)
Total Interest Payable (extra amount you pay to the bank)
Total Payment (loan + interest combined)
You’ll also see a progress circle animation showing what percentage of your total payment goes to interest — a quick visual of how much you’re paying beyond the loan amount.
How the result is calculated
The EMI is calculated using this standard financial formula used by all banks:
Where:
P = Loan amount (Principal)
R = Monthly interest rate = (Annual rate ÷ 12 ÷ 100)
N = Loan tenure in months (Years × 12)
After EMI is calculated:
Total Payment = EMI × N
Total Interest = Total Payment − P
What the result shows
| Output | Meaning |
|---|---|
| Monthly EMI | The fixed amount you’ll pay every month for the loan duration. |
| Total Interest | The total extra money you pay the lender as interest. |
| Total Payment | The grand total (Principal + Interest). |
| Interest % Ring | A visual showing how much of your total payment is interest. |
Why use this calculator
- To compare loan offers from different banks or NBFCs.
- To plan your monthly budget before taking a loan.
- To decide loan tenure (see how EMI changes if you shorten or extend the loan).
- To see how interest rate affects total payment.