Calculate Loan EMI, Total Interest, and Total Payment Instantly

Loan Calculator

Select Currency

Loan Amount (₹):

Annual Interest Rate (%):

Loan Tenure

YearsMonths

Switch to "Months" if you prefer entering total months directly (e.g., 24).

About Loan EMI Calculator

Toolmorph's Loan EMI Calculator uses the standard amortization formula to compute monthly repayments. It supports tenure in years or months, giving you flexibility when planning your finances.

EMI Formula Used

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

where P = Principal, R = Monthly Interest Rate, N = Number of Months.

Why Use Toolmorph EMI Calculator?

✅ Accurate EMI, interest, and total payment
✅ Tenure input in years or months
✅ Auto-detected currency with manual selection
✅ 100% browser-based, private, and free

How to Use the Loan Calculator

Enter Loan Amount

Type the total amount you want to borrow in the loan amount field. This is the principal amount that you'll be repaying over time.

Set Interest Rate and Tenure

Enter the annual interest rate percentage and choose your loan tenure in years or months. The calculator will use these to determine your monthly payment.

View Your Results

Click "Calculate" to see your monthly EMI (Equated Monthly Installment), total interest payable, and total amount you'll pay over the loan period.

Frequently Asked Questions

Is this EMI Calculator free?

Yes, it's completely free with no sign-up or installation required.

Does it convert currency values?

No. Currency selection only changes the displayed symbol/code for clarity — values are not converted.

Can I use decimal interest rates?

Absolutely. You can enter any rate like 7.25% or 8.5% and get precise results.