Loan EMI Calculator
AvailableSee the monthly payment, total interest and total cost of a loan from its amount, rate and term.
Use the calculator
The numbers below are examples. Replace them with yours. Everything is worked out in your browser.
About this calculator
See what a loan costs each month and in total. Enter the amount, the yearly interest rate and the number of years to get the monthly payment, the total you pay back and the total interest.
How it works
- Interest is charged monthly at one twelfth of the yearly rate.
- The payment is the same every month: P times i times (1 + i)^n, divided by ((1 + i)^n minus 1), where i is the monthly rate and n is the number of months.
- With a rate of 0% the loan is simply split into equal parts.
This tool gives general figures, not financial, tax or legal advice. Real offers include fees and rules that are not modelled here.
Common questions
Does this include fees or insurance?
No. Arrangement fees, insurance and other charges change the real cost, so check the lender's offer.
Why does my lender show a slightly different payment?
Some lenders charge interest daily, round differently or use another calendar. The figure here is a close, standard estimate.
Estimates only. Check important numbers before you rely on them.
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