Loan EMI Calculator
Free EMI calculator for all loan types. Enter loan amount, interest rate, and tenure to get monthly EMI, total interest, total payment amount with visual pie chart breakdown.
How to Use Loan EMI Calculator
Enter Loan Amount
Type loan amount in Rupees.
Set Rate and Tenure
Enter interest rate and duration.
Calculate EMI
See monthly EMI and total interest.
Who Uses Loan EMI Calculator?
Home loan borrowers, car buyers comparing across SBI, HDFC, ICICI, personal loan applicants, financial planners, real estate agents.
Why Use Our Loan EMI Calculator?
All loan types supported
Monthly EMI, total interest, total payment
Visual pie chart breakdown
Compare different terms instantly
Frequently Asked Questions
How is EMI calculated?
EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, n is number of months.
What is the EMI for 50 lakh home loan at 8.5% for 20 years?
For 50 lakh at 8.5% for 20 years (240 months), approximate monthly EMI is Rs 43,391. Total interest is about Rs 54.14 lakh.
Does prepayment reduce EMI or tenure?
Prepayment can either reduce EMI amount or reduce tenure. Most Indian banks allow prepayment without penalty for floating rate loans.
Which bank has lowest home loan rate?
Rates vary frequently. SBI, Bank of Baroda, and Canara Bank typically offer competitive rates starting from 8.25-8.75%.
Can I use this for car and personal loans?
Yes, this EMI calculator works for all loan types. Just enter the relevant amount, rate, and tenure.