Loan / EMI Calculator
Enter a loan amount, interest rate, and term to calculate the fixed monthly payment (EMI), total interest, and total repayment amount.
Monthly payment
$391.32
Total interest
$3,479.38
Total repayment
$23,479.38
Uses the standard fixed-rate amortization formula. Figures shown in USD for readability; the math applies the same regardless of currency. This is an estimate, not financial advice.
Frequently asked questions
What formula does this use?+
The standard fixed-rate amortization formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly interest rate, and n is the number of monthly payments.
Does this account for fees or insurance?+
No, it calculates pure principal-and-interest payments only. Real loans may include origination fees, insurance, or taxes not reflected here.
Is this financial advice?+
No, it's an estimate to help you compare scenarios. Confirm exact figures with your lender before making decisions.