Everyday tools

Calculate a loan’s monthly payment

Enter the loan amount, rate, and term to see the monthly payment. Everything runs in your browser — nothing is uploaded.

1
Enter loan details
Monthly payment (EMI)10,501
Total interest1,30,056
Total payment6,30,056
Number of payments60

Uses the standard reducing-balance EMI formula, the same calculation banks use — figures are estimates and do not include fees, taxes, or insurance a real lender might add.

Common questions

What formula does this use?
The standard reducing-balance EMI formula, the same one banks and lenders use — interest is calculated on the remaining balance each month, not the original amount.
Does this include fees, taxes, or insurance?
No — this calculates the loan payment itself based on principal, rate, and term. A real lender may add processing fees, insurance, or other charges on top of this figure.