EMI Calculator
Calculate your Equated Monthly Installment (EMI) in an instant. The EMI calculator takes your principal, interest rate, and tenure and returns the fixed monthly amount you would pay, along with total interest and total repayment, plus a visual split of principal versus interest for the whole loan.
Monthly EMI
$0
$0
Total Interest
$0
Total Amount
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How to Use the EMI Calculator
- Enter the principal amount you wish to borrow.
- Add the annual interest rate quoted by your lender.
- Set the loan tenure in months.
- Click Calculate to see your EMI, total interest, total amount, and the principal-vs-interest split bar.
Formula Used
- P
- — principal loan amount
- r
- — monthly interest rate (annual / 12 / 100)
- n
- — loan tenure in months
Example: A $500,000 loan at 10% for 60 months gives an EMI of about $10,624, with total interest near $137,400.
Frequently asked questions
Everything you need to know about this calculator.
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