Calculate your monthly loan repayment (EMI), total interest, and total cost for any amount, rate, and term.
Borrowers comparing mortgages, car loans, and personal loan repayments.
Enter the loan amount
Type the principal — the amount you intend to borrow.
Set the rate and term
Enter the annual interest rate (APR) and the term in years.
Review the breakdown
See your monthly EMI, the total interest paid, and the total amount payable over the term.
Before you take on a mortgage, car loan, or personal loan, the question that actually matters is "what will this cost me each month, and how much interest will I pay in total?" — and you cannot answer it by dividing the amount by the number of months, because interest compounds over the term. A small change in the rate or the length of the loan can swing the monthly payment and the total interest by a surprising amount. This calculator uses the standard EMI (Equated Monthly Instalment) formula to show your true monthly payment, the total interest over the life of the loan, and the total amount you will repay. Enter the amount, the annual rate, and the term, and the figures update instantly so you can compare scenarios — a shorter term, a lower rate, a bigger deposit — side by side. It runs in your browser with nothing stored. It is built for comparison and budgeting; lenders may add fees and round differently, so treat the result as a close estimate rather than a formal quote.
Mortgages
Estimate monthly home-loan repayments and compare how rate and term change the total cost.
Car & personal loans
Judge competing offers by their real total cost, not just the headline monthly figure.
Budgeting
Check whether a prospective repayment comfortably fits your monthly budget before committing.
Deposit decisions
See how borrowing less (a bigger deposit) lowers both the payment and the total interest.
Refinancing
Compare a new rate or term against your current loan to see if switching saves money.
EMI (Equated Monthly Instalment) is the fixed amount you pay each month — covering both principal and interest — until the loan is fully repaid.
It uses the standard amortisation formula: EMI = P·r·(1+r)ⁿ ÷ ((1+r)ⁿ−1), where P is the principal, r the monthly rate, and n the number of months.
Longer terms mean more months of interest. Lowering the rate or shortening the term reduces total interest, often a lot — try both to compare.
Yes. At 0% the payment is simply the principal divided by the number of months.
No. It calculates principal and interest only. Real-world costs like arrangement fees, property tax, or insurance are extra.
The interest rate is the cost of borrowing the principal; APR also rolls in certain fees, so it can be higher. Enter the figure your lender quotes for the closest estimate.
No. It is an estimate for comparison — lenders may add fees and round differently. Confirm exact figures with the lender.
Yes — free, runs in your browser, with no sign-up.