🏦 EMI Calculator
Calculate your monthly loan EMI, interest and total payment.
📋 How to Use
1. Enter the loan amount, annual interest rate and loan term.
2. Click Calculate to see your monthly EMI instantly.
3. Review the total interest and total repayment amount shown alongside it.
✅ Features
Breaks the result down into monthly EMI, total interest, and total payment.
Works for home loans, car loans or personal loans — any fixed-rate EMI scenario.
All math happens in your browser, so no loan details are ever transmitted.
Frequently Asked Questions
Does this account for processing fees or insurance costs?
No — it calculates the standard EMI based on principal, interest rate, and tenure only. Banks often add processing fees, insurance, or other charges separately, so your actual total cost may be slightly higher than the raw EMI figure.
What happens if I make a prepayment on my loan?
This calculator shows the standard fixed EMI schedule; it doesn't model prepayment scenarios. A prepayment would reduce your outstanding principal and either shorten your tenure or lower future EMIs, depending on what your lender allows.