Home Calculators Loan EMI Calculator

Loan EMI Calculator

Calculate your monthly EMI, total interest payable, and full amortization schedule for any loan — home, car, personal, or education.

Loan Details

Enter your loan amount, interest rate, and tenure

Loan Parameters
Optional: Prepayment
Monthly EMI
—
per month
Total Interest
—
total interest payable
Total Payment
—
principal + interest + fees
Interest Ratio
—%
interest as % of loan

Typical Loan Rates (2024)

Home Loan (US)6.5–7.5%
Car Loan5.5–8%
Personal Loan8–20%
Education Loan4–7%
Business Loan7–15%

EMI Formula

EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1)

P = Principal, r = monthly rate, n = months