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Loan EMI Calculator

Calculate the Equated Monthly Installment (EMI) for any loan.

About this calculator

The Loan EMI Calculator on NumberCals is a free, mobile-friendly tool for anyone needing to calculate the equated monthly installment (emi) for any loan. Enter your values in the form below and the result is computed instantly — no sign-up, no installation, no waiting.

Formula used

EMI = [P · r · (1+r)^n] / [(1+r)^n − 1]

What you'll need

  • Loan Amount (e.g. 500000)
  • Annual Interest Rate (%) (e.g. 8.5)
  • Loan Tenure (months) (e.g. 240)

What you'll get

  • Monthly EMI
  • Total Payment Over Tenure
  • Total Interest Payable
Formula
EMI = [P · r · (1+r)^n] / [(1+r)^n − 1]

Frequently Asked Questions

What is EMI? +

Equated Monthly Installment — a fixed payment made every month covering both principal and interest.

Does a longer tenure reduce EMI? +

Yes — longer tenure lowers the monthly EMI but increases total interest paid over the life of the loan.

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