Loan & EMI calculator
Know your monthly payment and the real cost of a loan before you sign.
Monthly instalment
22,244.45
Total interest
334,666.86
Total payable
1,334,666.86
Green = loan amount (74.9% of what you repay); grey = interest.
How to use the loan & EMI calculator
- Enter the loan amount.
- Enter the yearly interest rate and the term.
- See the monthly instalment, total interest and total paid.
When it's useful
- Comparing bank and leasing offers
- Planning a bike or car instalment
- Checking if a business loan is affordable
Limits to know
- Assumes a fixed rate and equal monthly payments (standard reducing-balance EMI).
- Bank fees, insurance and taxes are not included. Islamic financing may be priced differently.
Your privacy
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Questions
What does EMI mean?
Equated Monthly Instalment — the same payment every month that covers interest and repays the loan.
What formula is used?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate and n the number of months.