💰 Overview

Our Loan EMI Calculator helps you easily calculate your monthly loan repayments (EMI). Whether you're taking a personal loan, home loan, or car loan, this tool allows you to determine your exact monthly EMI based on your loan amount, interest rate, and loan tenure.

The EMI calculation uses the standard formula, ensuring you get accurate results for your loan planning. Simply input your loan details and instantly get your EMI, total repayment amount, and interest paid over the loan period.

✅ Key Features

• ✔️ Accurate monthly EMI calculation
• ✔️ Supports different loan types: Personal, Home, and Car
• ✔️ Provides total loan repayment amount and total interest
• ✔️ Customizable loan amount, interest rate, and tenure
• ✔️ Quick and easy-to-use interface
• ✔️ Free and accessible from any device

📋 How to Use the Loan EMI Calculator

• Enter the loan amount you wish to borrow
• Select your loan tenure (in months or years)
• Input the annual interest rate offered by the lender
• Click the "Calculate EMI" button

You will see:

• Your monthly EMI amount
• Total loan repayment amount
• Total interest paid over the loan tenure

🏦 Why Use Our Loan EMI Calculator?

• 📝 Helps plan your loan repayment schedule effectively
• 💡 Ideal for those comparing different loan offers
• 🔍 Transparent EMI calculation with all charges included
• 🔐 No personal data is stored — your privacy is ensured

📊 Demo: How Loan EMI Calculation Works

Loan Amount: ₹500,000
Interest Rate: 8% per annum
Loan Tenure: 5 years

Result:

• EMI Amount: ₹10,122.13
• Total Repayment Amount: ₹607,268
• Total Interest Paid: ₹107,268

The calculator uses this formula to determine your EMI:

• EMI = P × r × (1+r)^n / ((1+r)^n - 1)
• Where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12), and n is the loan tenure in months.