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EMI Calculator : Equated Monthly Installment for Loans

Calculate exact Equated Monthly Installments (EMI) across any loan tenure. Understand the exact proportion of principal vs. interest paid in every monthly payment.

Interactive Calculator

100% Client-Side Engine
%
yrs
Equated Monthly Installment (EMI)
$1,578.38
Principal: 88%Interest: 12%
Total Interest Payable
$6,821.57
Total Payment (Principal + Interest)
$56,821.57

Step-by-Step Examples

$50,000 Personal Loan for 3 Years at 8%

Medium-term debt consolidation loan.

Inputs: Principal: $50,000, Rate: 8%, Tenure: 3 Years
Result: Monthly EMI: $1,566.82, Total Interest: $6,405.47

36 monthly payments of $1,566.82 repay the $50,000 principal plus $6,405.47 interest.

How to Use This Tool

  1. Enter total loan principal amount.
  2. Specify interest rate per annum (APR).
  3. Set tenure in years or months.
  4. Click Calculate to view monthly EMI and full interest breakdown.

Frequently Asked Questions

EMI stands for Equated Monthly Installment. It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

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