EMI & Loan Calculator
Work out the monthly installment for a home, car or personal loan. See total interest, total cost and a year-by-year repayment schedule — in any currency.
Monthly installment (EMI)
- Principal—
- Total interest—
- Total payment—
Repayment schedule
| Year | Principal paid | Interest paid | Total paid | Balance | Paid off |
|---|
Calculated in your browser — nothing is sent or saved.
How to use the EMI / Loan Calculator
Loan amount
Enter how much you want to borrow and choose your currency.
Rate & tenure
Set the yearly interest rate and the loan period.
See your plan
Get the monthly EMI, total interest and a full schedule.
Why use our EMI / Loan Calculator?
Accurate EMI
Uses the standard reducing-balance EMI formula used by banks.
Visual breakdown
See principal vs interest at a glance.
Repayment schedule
Year-by-year and month-by-month table.
Any currency
PKR, USD, AED, SAR, GBP, INR and more.
Sliders & inputs
Adjust amount, rate and years with sliders or by typing.
CSV download
Export the full schedule for your records.
Frequently asked questions
Everything you need to know about the EMI / Loan Calculator.
Back to the toolWhat is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay a loan. Each payment covers part of the interest and part of the principal.
How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (yearly rate ÷ 12 ÷ 100) and n is the number of months.
Why is more interest paid at the start?
Interest is charged on the remaining balance. Early on the balance is highest, so a bigger part of each EMI goes to interest; later, more goes to the principal.
Does this include insurance and fees?
No. Banks may add processing fees, insurance or taxes. Ask your bank for the total cost and use this as a planning tool.
Can I use it for Islamic financing?
Islamic car and home financing uses rental or profit rates, but the monthly amount is usually calculated in a similar way. Confirm the final figures with your bank.
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