Work out the monthly payment for a mortgage, car loan or personal loan, the total interest you will pay, and a month-by-month amortization schedule.
Free, no sign-up
Runs locally in your browser
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How to use the Loan & EMI Calculator
1
Enter the loan amount, annual interest rate and term.
2
Read the monthly payment and total interest.
3
Expand the schedule to see each payment.
The formula
Payment = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the principal, r the monthly interest rate and n the number of payments. Results are estimates; your lender's fees and rounding may differ.