Loan Calculator - EMI & Mortgage Calculator
Calculate your monthly EMI, total interest, and total payment amount for personal loans and mortgages.
USD
$
%
Years
Monthly EMI
$ 955
Total Interest
$ 7,303
Total Payment
$ 57,303
Loan & EMI Calculator
Calculate your monthly EMI (Equated Monthly Installment), total interest, and total payment amount for personal loans, car loans, or mortgages.
How to Use It
- Enter the loan amount, annual interest rate, and tenure.
- View your monthly EMI, total interest payable, and total repayment amount.
Example
A ₹5,00,000 personal loan at 11% annual interest over 5 years (60 months) works out to an EMI of about ₹10,871/month, with total interest of roughly ₹1,52,260.
Common Use Cases
- Comparing loan offers with different rates or tenures before borrowing.
- Checking whether a monthly EMI fits your budget before applying.
FAQs
Does prepaying a loan reduce my EMI or tenure?
Depends on your lender's policy — some reduce the tenure while keeping EMI the same, others reduce the EMI while keeping tenure the same. Either way, prepayment reduces total interest paid.