Loan Calculator
Free online loan calculator — compute monthly EMI, total interest payable and total amount for personal, car and home loans. Clean financial dashboard for students, employees and families.
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month towards your loan. Each EMI covers part of the principal plus the interest, so your loan is fully repaid by the end of the term.
How loan interest works
Interest is charged on the outstanding balance. Early EMIs are mostly interest; as the balance falls, more of each payment reduces the principal. Higher rates and longer terms mean more total interest.
Tips to reduce loan costs
Choose a shorter term where affordable, compare lenders for lower rates, make occasional part-prepayments, and maintain a strong credit score to qualify for the best interest rates.