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67858.comNumber & Money Lab

Loan EMI Calculator

✔ Reviewed by the 67858.com editorial teamUpdated October 27, 2026Methodology

Monthly payment, total interest and yearly breakdown for any fixed-rate loan.

$
Amount borrowed
%
Nominal APR
years

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Quick answer: An EMI (equated monthly instalment) is the fixed payment that clears a loan — interest and principal — over its term. Early payments are mostly interest; later ones are mostly principal. The yearly chart shows that shift so you can see when extra payments save the most.

How to use the Loan EMI Calculator

  1. Enter your figures in the fields above — results update instantly as you type.
  2. Choose your currency symbol (the maths is the same in any currency).
  3. Use Share result to save a link that reloads your exact inputs, or Print for your records.
  4. Compare scenarios by changing one input at a time and noting how the main result moves.

Formula

EMI = P × i × (1 + i)^n ÷ ((1 + i)^n − 1) P = principal, i = annual rate ÷ 12, n = months

Worked example

Borrow 25,000 at 9% for 5 years: i = 0.0075 and n = 60, so the EMI is about 518.96. Over 60 payments you repay about 31,137.53, meaning roughly 6,137.53 is interest.

Frequently asked questions

Does a longer term lower the cost?

It lowers the monthly payment but raises total interest, because the balance stays outstanding longer.

Is this the same as APR?

This tool uses the nominal annual rate. APR may also include fees, which raises the true cost — add fees to the loan amount for a closer estimate.

Do prepayments help?

Yes. Extra principal early in the loan removes future interest on that amount for every remaining month.

Assumptions & limits

Results are estimates based on the inputs you provide and the formula shown, rounded for display. They do not account for every fee, tax rule or market condition. This tool is educational and is not financial, tax or legal advice — confirm important decisions with a qualified professional.

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