Loan EMI & Repayment Calculator
Calculate your loan payment, total interest, repayment cost and amortization schedule. Compare offers, test extra payments, and estimate how much you may be able to borrow — useful when planning study, work or relocation finances.
Loan details
Rate charged by the lender (nominal).
Processing, origination, insurance, etc.
Reducing-balance only — estimates earlier payoff.
How to use this calculator
Choose Calculate EMI for payment, interest and schedule; How much can I borrow? for a reverse estimate from a max payment; or Compare loans to weigh two offers including fees. Use one currency for the whole calculation — conversion is not applied automatically.
FAQ
How is EMI calculated?
For reducing-balance (amortizing) loans, EMI uses the standard formula based on principal, annual interest rate and number of months. Flat-rate loans add interest as principal × rate × years, then divide evenly across the term. Actual lender payments may differ due to fees, rounding and local rules.
What is the difference between reducing balance and flat rate?
Reducing-balance interest is charged on the remaining principal, so interest falls as you repay. Flat rate charges interest on the original principal for the full term, which often means a higher overall cost at the same quoted percentage.
Does a lower EMI mean a cheaper loan?
Not always. Stretching the term lowers the monthly payment but usually increases total interest. Use the term comparison and total repayment figures to see the trade-off.
How do extra payments help?
Extra monthly payments (on reducing-balance loans) go toward principal, which can shorten the term and reduce total interest. The calculator estimates months saved and interest saved under the assumptions you enter.
Are fees included in EMI?
Upfront fees are added to total borrowing cost in this tool. They are not automatically rolled into the EMI unless your lender does so. Enter processing, origination or insurance fees to see true cost.
Is the affordability snapshot a loan approval?
No. Payment-to-income ratios here are educational budgeting indicators only. Lenders use their own underwriting, credit checks and country-specific rules.
Educational planning tool only. Lender quotes, fees, taxes, insurance, rounding and local lending rules may produce different payments. This is not financial advice or a credit decision.