Loan / EMI Calculator
Enter a loan amount, interest rate, and term to calculate the fixed monthly payment (EMI) and total interest paid over the life of the loan.
391.32
Monthly payment
3,479
Total interest paid
23,479
Total paid over 5 years
Uses the standard fixed-rate amortization formula. Doesn't account for taxes, insurance, fees, or variable-rate changes — actual loan terms will vary by lender.
Example input
$20,000 at 6.5% for 5 years
Example output
$391.32/month