Loan Calculator - Monthly EMI, Total Interest & Total Payable

Calculate monthly EMI, total interest, and total payable for any personal, auto, or student loan

🔒 100% in-browser🆓 Free forever⚡ No sign-up
Monthly EMI
$512.91
Total interest
$5,774.80
Total paid
$30,774.80
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where r = annual rate ÷ 12, n = months.
Estimates only. Results are generated by generalised formulas from the inputs you provide and are for informational purposes only. They are not financial, tax, legal, medical, or professional advice, and do not account for your individual circumstances, jurisdiction, taxes, fees, or health conditions. Verify important figures with a qualified professional. By using this tool you agree to our Terms & Disclaimer.

How it works

  1. 1
    Enter loan amount

    The principal - how much you are borrowing.

  2. 2
    Enter interest rate and term

    Annual percentage rate (APR) and total number of months for repayment.

  3. 3
    Read your EMI

    The monthly EMI is the fixed payment you owe each month. Total interest and total payable update instantly.

About Loan Calculator - Monthly EMI, Total Interest & Total Payable

Free loan and EMI calculator. Enter the loan amount, annual interest rate, and term in months to instantly see your monthly EMI (Equated Monthly Instalment), total interest paid, and total amount payable. Works for personal loans, car loans, student loans, and any fixed-rate installment loan. Runs entirely in your browser. Loan Calculator - Monthly EMI, Total Interest & Total Payable on 712 Tools runs entirely inside your browser using modern JavaScript APIs - no server ever sees your data. That means instant results, complete privacy, and no upload limits.

Whether you need to calculate monthly emi, total interest, and total payable for any personal, auto, or student loan for a debugging session, a quick sanity check, or a production incident, this tool is free to use as many times as you need. There are no watermarks, no sign-up, and no ads inside the tool itself.

Frequently asked questions

What is EMI?

EMI stands for Equated Monthly Instalment - a fixed monthly payment covering both principal and interest, sized so the loan is fully paid off at the end of the term.

What is the EMI formula?

EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is principal, r is the monthly interest rate (annual ÷ 12 ÷ 100), and n is the number of months.

Can I use this for a car loan or student loan?

Yes. Any fixed-rate installment loan uses the same EMI formula - enter the amount, rate, and term regardless of the loan type.

Is my data uploaded?

No. All calculations run entirely in your browser.

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