Use this free and instant Loan / EMI Calculator to estimate your monthly EMIs, total interest, and total payment amount for any loan — home loan, car loan, or personal loan. The calculator works locally on your browser, so your data stays secure.
Loan / EMI Calculator Tool
Calculate Your EMI Instantly
Monthly EMI: —
Total Interest Payable: —
Total Payment (Principal + Interest): —
Calculations are done locally in your browser. No data is sent anywhere.
About the EMI Calculator
This EMI Calculator helps you determine the monthly installment required to repay a loan. It supports home, car, and personal loans and provides instant results for any combination of loan amount, interest rate, and tenure.
Benefits of Using an Online EMI Calculator
- Quick Results: Instantly get EMI, total interest, and total payment details.
- Compare Loans: Experiment with interest rates or tenures to find the most affordable EMI.
- Financial Planning: Understand your repayment structure and total cost before taking a loan.
- Free & Secure: All calculations are done locally — no data is uploaded.
How EMI is Calculated
The EMI (Equated Monthly Installment) is calculated using the formula:
EMI = P × r × (1 + r)n / ((1 + r)n − 1)
Where:
- P = Loan Amount (Principal)
- r = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
- n = Total Number of Monthly Installments
FAQs About EMI Calculator
What is EMI?
EMI stands for Equated Monthly Installment — a fixed monthly payment that includes both principal and interest over your loan tenure.
Can I use this for any type of loan?
Yes. You can use it for home loans, car loans, personal loans, or even education loans.
Is my data stored?
No. All inputs are processed locally on your device, ensuring complete privacy.
Can I adjust interest rates?
Yes, simply change the interest rate in the calculator to instantly view how it impacts your EMI.
How accurate is this calculator?
It uses the standard EMI calculation formula, so the results are precise up to two decimal points.
© Finowings | Free Financial Tools for Smart Investors
Post a Comment