Loan calculator (EMI)

Enter the amount, rate and term to see what you would pay each month and in total.

How to calculate a loan payment

  1. 01Type the loan amount and the yearly interest rate.
  2. 02Enter the term in years or months.
  3. 03Read the monthly payment, total interest and the year-by-year table.

FAQ

The standard amortization formula: payment = P × r ÷ (1 − (1 + r)^−n), with r the monthly rate and n the number of months.