Loan EMI Calculator

Calculate monthly EMI, total interest, and total payment for any loan term and interest rate.

Calculate monthly EMI, total interest, and total payment for any loan term.

Calculate

fields.loanAmount*

Total amount you plan to borrow.

fields.interestRate (%)*

Annual interest rate (APR) for the loan.

Loan Term (Years)*

Typical home loans: 15-30 years. Personal loans: 1-7 years.

Extra Months (Optional)

Add extra months if your term is not a full year count.

Monthly Payment

$1,611

Per monthly installment

Total Interest

$186,685

Over the full loan term

Total Payment

$386,685

Principal + Interest

Making occasional extra principal payments shortens the term and saves interest.
Even a 0.5% rate drop can meaningfully reduce EMI on large balances.
Check prepayment or refinance fees before switching loans.

Monthly Payment

$1,611

EMI stays fixed if rate is fixed.

Breakdown

fields.loanAmount$200,000

Total Interest$186,685

Total Payment$386,685

When to use this EMI result

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