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Loan EMI calculator

Work out the equated monthly instalment for a home, car or personal loan, plus total interest over the tenure.

Formula: EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where r is the monthly rate and n the number of months. Estimates only — lenders may add fees.

Calculations run in your browser. Nothing you enter is sent to ToolsNest servers or stored.

How to use the Loan EMI Calculator

  1. 1Enter the loan amount.
  2. 2Enter the annual interest rate.
  3. 3Enter the tenure in months.
  4. 4Read EMI and totals.

Supported formats and limits

  • Reducing-balance method with monthly compounding.
  • Excludes processing fees, insurance and taxes.

Common uses

  • Comparing loan offers.
  • Choosing a tenure that fits your budget.

Frequently asked questions

Is this financial advice?

No. It is an estimate; your lender's figures are final.

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