Loan EMI Calculator
Estimate monthly EMI, total interest and total repayment for a fixed-rate loan using the loan amount, annual interest rate and tenure.
Loan EMI calculator
Estimate monthly EMI, total interest and total repayment for a fixed-rate loan.
Monthly EMI
Total interest
Total repayment
How EMI is calculated
EMI stands for Equated Monthly Instalment. It is the fixed monthly payment commonly used to repay an amortizing loan over a set period.
The calculation uses the loan principal, monthly interest rate and total number of monthly payments.
With a zero interest rate, the loan amount is simply divided equally across the selected number of months.
Important
This calculator provides a general estimate only. Actual loan repayments may include fees, insurance, taxes, changing rates or lender-specific charges.
How to use it
Enter the loan amount, annual interest rate and loan tenure. Choose whether the tenure is in years or months to calculate the estimated monthly EMI, total interest and total repayment.
Privacy
Calculations are performed locally in your browser. The values you enter are not submitted to Muft.
Tool behavior last checked Aug 23, 2026.