Free Online Calculator

Use the Loan EMI Calculator

Work out your Equated Monthly Instalment (EMI) for any personal, auto or business loan. Enter the loan amount (principal), the annual interest rate and the loan term, and the calculator

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Free to use
No signup
Nothing to install
Works in any modern browser

Free to use

No signup

Loan EMI Calculator

Amount Percent

37.5Example result (percent of an amount)

Illustration. Open the tool for the real thing.

Explained

What is the Loan EMI Calculator?

Work out your Equated Monthly Instalment (EMI) for any personal, auto or business loan. Enter the loan amount (principal), the annual interest rate and the loan term, and the calculator instantly shows your monthly payment, total interest paid over the loan and the total amount repaid.

EMI uses the standard reducing-balance amortization formula, the same method banks and lenders use, so the number you see here should match what a lender quotes for the same principal, rate and term.

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Instant EMITotal interest breakdownAny loan type

3 steps to your result

Open the tool and follow along. Nothing to install.

Enter the loan principal (amount borrowed).

Enter the loan term in months or years.

Read your monthly EMI, total interest and total repayment instantly.

What you get

Instant EMI

Monthly payment calculated the moment you enter principal, rate and term.

Total interest breakdown

See exactly how much of your repayment is interest versus principal.

Any loan type

Works for personal loans, car loans, business loans — anything with a fixed rate and term.

No signup required

Free, instant, and nothing is saved or sent anywhere.

Free to use

AZRS tools are free to open and use.

Nothing to install

It opens in your browser, so there is nothing to download.

Used for

Pick one to see how it fits.

Use case

Loan shoppers

Compare monthly payments across different lenders and rates before signing.

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How it compares

A plain look at this tool next to the usual alternative.

	This calculator	Desktop software
Install	Nothing to install	Usually an app or program to install
Account	No signup	Depends on the product
Cost	Free to use	Free or paid, depends on the product

Questions people ask

What is EMI?

Equated Monthly Instalment — a fixed monthly payment that covers both principal and interest, calculated so the loan is fully repaid by the end of the term.

How is EMI calculated?

EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is principal, r is the monthly interest rate and n is the number of monthly payments.

Does a longer loan term always cost less per month?

Yes, but it usually increases the total interest paid over the life of the loan — a trade-off worth checking with this calculator.

Is this EMI calculator free?

Yes, free with no signup.

Can I use this for a car loan?

Yes, EMI math is the same for personal, auto and most fixed-rate instalment loans.