Loan / EMI Calculator
Find your monthly instalment and the full cost of a fixed-rate loan.
Formula
- Use the units shown beside each field.
- Results update automatically whenever you change an input.
- Displayed values use up to four decimal places, or scientific notation for very small or large numbers. Calculations retain full precision.
- Uses a monthly reducing balance, a fixed rate and payments at month-end. Fees, insurance and taxes are excluded. Years are rounded to the nearest whole month.
Example Calculation
- Loan amount: 2000000 Rs
- Annual interest rate: 22 %
- Loan term: 5 years
A Rs 2,000,000 loan at 22% for 5 years gives a monthly payment of approximately Rs 55,238.
Frequently asked questions
How do I use this calculator?
Enter loan amount, annual interest rate, loan term. The result updates automatically. Use Reset to restore the example values.
What method does it use?
EMI = P × r / [1 − (1 + r)⁻ⁿ]. Uses a monthly reducing balance, a fixed rate and payments at month-end. Fees, insurance and taxes are excluded. Years are rounded to the nearest whole month.
Why might a rounded result differ?
The calculation keeps full numeric precision internally, then rounds the displayed result. Rounding intermediate steps by hand can produce a slightly different answer.
Are my inputs saved online?
No. This calculator processes your inputs in your browser. A recently used list stores only calculator names on this device, not your entered values.
Check the assumptions and units before using this result. Read about calculation methods.