Free Loan and EMI Calculator Online
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About This Tool
The Loan and EMI Calculator computes your monthly payment (EMI), total interest paid, and full repayment amount for any loan — mortgage, car loan, or personal loan. Enter the principal, annual interest rate, and loan term to get an instant breakdown. Free, no account, runs in browser.
How to Use
- 1
Enter the loan amount (principal).
- 2
Set the annual interest rate and loan term in months or years.
- 3
Monthly EMI, total interest, and total repayment amount appear instantly.
Frequently Asked Questions
What does EMI stand for?
EMI stands for Equated Monthly Installment — the fixed monthly payment that covers both principal repayment and interest on a loan.
Does this include fees and insurance?
The calculator computes principal and interest only. Additional fees, insurance, or prepayment penalties are not included — check your loan agreement for those.
Is this loan calculator free?
Yes. Completely free with no account required.