A loan calculator is an easy online tool that helps you estimate your monthly EMI, total interest, and total repayment amount before applying for a loan. It allows you to understand your financial commitment clearly by entering just three details—loan amount, interest rate, and tenure.
Loan EMI is calculated using the standard formula:
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where:
A loan EMI calculator automatically applies this formula and gives you instant results without any manual calculation.
Get accurate EMI amounts in seconds without any manual calculations.
Simply enter the loan amount, interest rate, and tenure—no technical knowledge required.
Plan your monthly expenses and loan repayments with clarity and confidence.
Evaluate multiple loan scenarios to choose the most affordable and suitable option.
No commitment required—explore EMI options before applying for a loan.
Use the calculator online from anywhere, 24/7, on any device.
Or get the link on your phone
What is a loan EMI calculator?
How does a loan EMI calculator work?
Is the loan EMI calculator accurate?
Why should I use a loan EMI calculator before applying?
Can I calculate EMIs for different loan types?
Does using a loan calculator affect my credit score?
