Loan & EMI calculator
See your monthly payment and how much interest you will pay.
Monthly payment (EMI)
–
–Total interest
–Total you pay
Principal Interest ()
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance left |
|---|
How to use Loan / EMI calculator
Three steps. No account, no upload, no waiting in a queue.
- 1
Enter the loan amount.
- 2
Enter the yearly interest rate and the term.
- 3
See the monthly payment and schedule.
Why use Tooldesk loan / emi calculator
Free, with no sign-up
Instant results as you type
Works offline once loaded
Nothing you type is sent anywhere
Frequently asked questions
What is EMI?
EMI (equated monthly instalment) is the fixed monthly amount that covers interest and part of the loan.
What formula is used?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), with P = loan, r = monthly rate, n = months.