Loan and EMI Calculator

About Loan and EMI Calculator

Before borrowing, it helps to see what a loan will cost each month and in total. Enter the loan amount, annual interest rate and term, and the calculator shows the monthly payment, total interest, total repaid and a year-by-year table of principal, interest and balance. It works for car loans, personal loans and fixed-rate mortgages. Lender quotes can differ because of fees and rounding.

Example

Input: $20,000 at 7.5% for 5 years. Output: a monthly payment of $400.76, total interest of $4,045.54 and a yearly breakdown ending with a $0 balance.

Tips for better results

• Compare different terms. A longer term lowers the payment but increases total interest.
• Ask your lender about fees and early repayment rules.
• Include insurance and taxes separately for mortgages.

Calculate monthly payment, total interest and total cost. It works instantly in your browser, so there is nothing to install and nothing to upload. Loan and EMI Calculator is part of our collection of 100 free tools in the Daily Life & Money category.

How to use it

1. Enter your information or choose a file in the tool above.
2. Your result appears right below the tool.
3. Copy the result, or adjust your input and try again.

Want a deeper guide? Read Loan EMI Explained: How Monthly Payments Are Calculated.

Frequently asked questions

Does it support extra payments?

Not directly. Extra payments reduce total interest and shorten the loan.

Is this the APR?

No. APR includes some fees. This calculator uses the interest rate only.

Is Loan and EMI Calculator free to use?

Yes. Loan and EMI Calculator is completely free and you do not need to create an account.

Is my data uploaded anywhere?

No. This tool runs in your browser, so what you type or choose stays on your device.

How accurate are the results?

Calculations use standard formulas, but always double-check important figures, especially for money, health or legal decisions.