Work out your monthly loan payment, total interest and total repayment for any principal, rate and term.
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is principal, r is the monthly interest rate, and n is the number of months.
Every loan payment is split between interest and principal. Early payments are interest-heavy; later payments pay down more principal. This calculator gives you the fixed monthly figure and the total interest you'll pay across the full term, so you can compare loan offers on equal footing.
No — it calculates pure principal-and-interest EMI. Add any processing fees or insurance premiums separately.