How Loan Calculator Works

Calculate your monthly EMI and total payment for your loan!

The Loan Calculator helps you calculate the EMI (Equated Monthly Installment) and total loan repayment. You need to provide the loan amount, interest rate, and loan tenure. The formula for calculating EMI is:

• EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]
• P = Loan Amount
• r = Monthly Interest Rate (Annual Interest Rate / 12 / 100)
• n = Number of Months (Tenure in years × 12)