Loan EMI Calculator
Estimate monthly EMI, total repayment and interest for a fixed-rate reducing-balance loan.
Result
Monthly EMI: 8,884.87886783 Total payable: 106,618.54641401 Total interest: 6,618.54641401
How loan emi calculator works
Monthly rate = annual rate / 1200. EMI = principal x monthly rate / (1 - (1 + monthly rate) raised to -months). At zero interest, EMI = principal / months.
How to use this tool
- Enter your values or text in the tool form.
- Review the result as you change the inputs, or select the action button for code tools.
- Copy the result or download it where a download option is available.
Worked example
A 120,000 loan at 0% for 12 months has an EMI of 10,000.
Accuracy and limits
Actual repayments can differ because of fees, insurance, rounding, payment dates or changing rates.
Frequently asked questions
How does loan emi calculator work?
Monthly rate = annual rate / 1200. EMI = principal x monthly rate / (1 - (1 + monthly rate) raised to -months). At zero interest, EMI = principal / months.
What should I check before using the result?
Actual repayments can differ because of fees, insurance, rounding, payment dates or changing rates.
Is Loan EMI Calculator free to use?
Yes. Loan EMI Calculator is free, browser-based, and does not require signup.
Does this tool save my data?
Tool inputs are processed on your device. File tools do not upload your files. Website analytics are described in the privacy policy.
Can I use it on mobile?
Yes. The page is responsive and works on modern mobile, tablet, and desktop browsers.
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Open toolReviewed 2026-10-24. By Mahad and Mehdi Developers.