EMI Calculator
Enter your loan details below. Results update as you type.
Loan details
Adjust the loan parameters to see your EMI
Results will appear here instantly
Use the calculator above to see your total interest on the loan, monthly EMI, and a full breakdown of principal vs interest over time. Results are illustrative; actual rates depend on your lender.
How Loan Interest Works
Total interest on your loan
The total interest you pay over the loan term depends on the principal amount, the annual interest rate, and the tenure. Our interest calculator shows you exactly how much goes to interest vs principal each month, so you can plan and compare offers.
Use this calculator for any loan
This interest calculator works for home loans, car loans, personal loans, and other term loans. Enter your amount, rate, and tenure to get your EMI and total interest. For India-specific calculators, see EMI Calculator India.
Interest Calculator FAQ
How is interest calculated on a loan?
Interest on a loan is calculated using the reducing balance method: each month you pay interest on the remaining principal. Our interest calculator uses the standard EMI formula so you see exactly how much goes to interest vs principal each month and the total interest over the loan term.
What is total interest on a loan?
Total interest is the sum of all interest payments over the life of the loan. Enter your loan amount, annual rate, and tenure in our interest calculator to see your total interest, monthly EMI, and a month-by-month breakdown of principal and interest.
How can I reduce total interest on my loan?
You can reduce total interest by: (1) choosing a lower interest rate, (2) shortening the loan tenure, (3) making extra principal payments when allowed. Use this interest calculator to compare different rates and tenures to see how much you save.