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Calculate Loan EMI & Total Interest

Estimate monthly EMI, total interest, and repayment from principal and rate

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Enter principal, rate, and months, then Calculate

This is a general EMI formula tool for estimates only. It is not lending advice, credit approval, or a bank quote.

About This Tool

Loan / EMI Calculator uses the standard EMI formula to estimate monthly payments, total interest, and total repayment from principal, annual rate, and tenure in months. An optional amortization preview shows how balances decline. All math is processed locally in your browser. This is not financial advice.

How to Use

  1. Enter the loan principal
  2. Enter the annual interest rate
  3. Enter tenure in months
  4. Click Calculate
  5. Review EMI, totals, and the optional schedule

Common Use Cases

  • Compare loan tenures
  • Estimate monthly budgets
  • Check total interest impact
  • Educate on amortization basics
  • Rough planning before talking to a lender

FAQ

Q1: What formula is used?

EMI = P Γ— r Γ— (1+r)^n / ((1+r)^n βˆ’ 1), where r is the monthly rate and n is months. If rate is 0, EMI = P Γ· n.

Q2: Is this a bank quote?

No. Fees, insurance, and product rules are ignored. Treat results as estimates.

Q3: Can rate be zero?

Yes. Then EMI is principal divided by months.

Q4: Are numbers uploaded?

No. Calculations are processed locally in your browser.

Q5: Does the schedule show every month?

For short loans (≀24 months) all rows are shown; otherwise the first 12 months are previewed.

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