EMI Calculator - Calculate Loan EMI Online
Calculate monthly loan payments instantly. Free, accurate, and works in any currency.
Payment Breakdown
How to Use This Calculator
Calculate your loan EMI in 3 simple steps:
Enter Loan Details
Type your loan amount directly in the input box or use the slider. Both work together - change one and the other updates automatically.
Set Interest Rate
Enter the exact interest rate offered by your bank. You can type precise values like 8.75% for accurate calculations.
Choose Tenure
Select your loan duration. View instant results showing monthly EMI, total interest, and payment breakdown.
EMI Calculation Formula
Example Calculation
Loan: $10,000 at 8.5% for 20 years
Monthly Rate: 8.5% ÷ 12 = 0.708%
Months: 20 × 12 = 240
EMI: $836/month
Total Paid: $200,640
Why Use Our EMI Calculator?
Instant Results
Get accurate calculations in real-time as you adjust values. No waiting, no page reloads.
Multi-Currency
Calculate in USD, EUR, GBP, INR, AED, and 5+ more currencies. Works worldwide.
100% Accurate
Uses the standard EMI formula trusted by banks and financial institutions globally.
Visual Breakdown
See exactly how much goes to principal vs interest with interactive charts.
Private & Secure
All calculations happen in your browser. We never store or track your data.
Mobile Ready
Works perfectly on phones, tablets, and computers. Calculate anywhere.
Frequently Asked Questions
What is EMI and how is it calculated?
EMI (Equated Monthly Installment) is a fixed monthly payment for loans. It's calculated using the formula: EMI = [P × R × (1+R)^N] / [(1+R)^N-1], where P is principal, R is monthly interest rate, and N is number of months.
Is this EMI calculator accurate?
Yes, our calculator uses the standard EMI formula that all banks and financial institutions use. However, the actual EMI may vary slightly based on processing fees, insurance, and other charges that banks may add.
Can I use this for home loans, car loans, and personal loans?
Absolutely! This calculator works for any type of loan - home loans, car loans, personal loans, education loans, or business loans. Just enter the loan amount, interest rate, and tenure to get your EMI.
How does loan tenure affect my EMI?
Longer tenure = Lower EMI but higher total interest. Shorter tenure = Higher EMI but lower total interest. Use our calculator to compare different tenures and find the right balance for your budget.
Is my data safe when using this calculator?
Yes, completely safe. All calculations happen in your browser. We don't store, track, or transmit any of your data to our servers. Your privacy is 100% protected.
Can I type exact values instead of using the slider?
Yes! You can type precise values directly in the input boxes next to each slider. Both the input box and slider work together - change one and the other updates automatically.