TOOLS CITY

LOAN/EMI Calculator

Advanced Loan EMI Calculator

Advanced EMI Calculator

Calculate your loan EMIs, total interest and payment schedule effortlessly

₹10,00,000
8.5%
20 Years
Your Monthly EMI
₹8,718
₹20,92,320
Total Payment
₹10,92,320
Total Interest
Principal Amount ₹10,00,000
Total Interest Payable ₹10,92,320
Processing Fees (1%) ₹10,000
Total Amount Payable ₹21,02,320
Payment Schedule
Year Principal Interest Balance

Managing a loan can sometimes feel overwhelming, especially when you’re unsure how much you’ll pay monthly or the total cost of the loan. That’s where our Loan EMI Calculator comes in handy. With this free online tool, you can quickly calculate your Equated Monthly Installment (EMI) based on loan amount, interest rate, and tenure.

Whether you’re applying for a home loan, personal loan, car loan, or education loan, knowing your EMI in advance helps you plan your budget smartly and avoid financial stress. Our calculator gives instant, accurate results so you can make informed financial decisions.

How to Use the Loan EMI Calculator

  1. Enter the loan amount you wish to borrow.

  2. Input the annual interest rate offered by your lender.

  3. Select the loan tenure (in months or years).

  4. Click on Calculate.

  5. Instantly view your monthly EMI, total interest payable, and overall loan cost.

Benefits of Using Our Loan EMI Calculator

  • ✅ Instant Results – No need for manual calculations.

  • ✅ Budget Planning – Know your monthly commitment in advance.

  • ✅ Compare Loans – Check EMIs for different interest rates and tenures.

  • ✅ Financial Clarity – Understand how much you’ll pay in total interest.

  • ✅ Free & Easy-to-Use – 24/7 accessible from any device.

FAQs

Q1. What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month towards loan repayment, including principal and interest.

Q2. Does a longer tenure reduce EMI?
Yes, longer tenure lowers monthly EMI but increases total interest payable.

Q3. Can I use this calculator for any type of loan?
Absolutely! It works for home loans, car loans, education loans, personal loans, and more.

Q4. Is this EMI calculator free?
Yes, our Loan EMI Calculator is 100% free to use anytime.

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