Loan & Mortgage EMI Calculator
Calculate loan EMI payments, total interest payable, and annual amortization schedules for personal, car, and home mortgage loans in real time.
Monthly EMI
$2,170
Interest
52.0%
Term
240 mo
Estimated Monthly Payment
$2,170
Total Repayment
$520,694
Payments
240
About Tool
Calculate exact loan and mortgage EMIs instantly with this free online repayment calculator. Model your monthly payments, total interest payable, principal breakdowns, and full amortized loan schedules for home, car, and personal loans across multiple currencies in real time.
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Key Features & Capabilities
- Real-time instant calculation of monthly payment (EMI), total interest, and total repayment
- Interactive visual breakdown of principal versus interest payment ratio
- Flexible inputs for custom loan amounts, interest rates, tenure terms, and currency selection
- 100% free browser-based financial tool with zero sign-ups or hidden fees
How to Use This Tool
- 1Enter your total loan or mortgage amount and select your preferred currency (e.g., USD, BDT).
- 2Set the annual interest rate (%) and adjust the loan term in years or months.
- 3View your estimated monthly EMI, total interest cost, and complete repayment summary instantly.
Frequently Asked Questions
What is an Equated Monthly Installment (EMI)?
An EMI is a fixed payment amount made by a borrower to a lender at a specified date each month. It covers both interest and principal repayment until the loan is fully paid off.
How is loan EMI calculated?
EMI is calculated using the formula: P × r × (1 + r)^n / ((1 + r)^n - 1), where P is the loan principal, r is the monthly interest rate, and n is the loan tenure in months.
Can I use this calculator for home, car, or personal loans?
Yes. This tool works accurately for all types of amortized loans including home mortgages, car loans, personal finance, and business loans.