How to Use

• Enter the Loan Amount you need.
• Provide the Annual Interest Rate offered by your lender.
• Fill in the Loan Tenure in years.
• Click Calculate EMI to get monthly EMI, total interest, and total amount.

Key Features

• Accurate EMI, Total Interest, and Total Payable calculations.
• Mobile responsive and easy-to-use design.
• Completely free and SEO-friendly tool.
• Works for home, car, education, or personal loans.
• Fast results without any signup required.

Tips

• Always compare interest rates from multiple lenders before finalizing.
• Choose shorter tenure for lower total interest, but EMI may be higher.
• Prepay whenever possible to reduce total interest burden.
• Keep your EMI below 40% of your monthly income for safe borrowing.

FAQs

Q1: What is EMI?
A: EMI (Equated Monthly Installment) is a fixed payment made every month for loan repayment.

Q2: How is EMI calculated?
A: EMI is calculated using the principal amount, interest rate, and tenure with a standard formula.

Q3: Can I reduce my EMI?
A: Yes, by increasing tenure or making partial prepayments.

Q4: Does this tool work for all types of loans?
A: Yes, you can use it for home, personal, education, and vehicle loans.

Q5: Is this EMI calculator free?
A: Yes, it is 100% free to use without restrictions.