Loan EMI Calculator

Calculate your monthly loan payments and total interest

Loan Details

Enter your loan information to calculate EMI

Loan Amount ($)

Principal amount you want to borrow

Annual Interest Rate (%)

Loan Term (Years)

Understanding Loan EMI

EMI (Equated Monthly Installment) is the fixed amount you pay to your lender every month to repay your loan. It includes both the principal amount and the interest on the loan.

Common Loan Types:

Home Loan: Typically 15-30 years, 3-7% interest
Car Loan: Typically 3-7 years, 4-9% interest
Personal Loan: Typically 1-5 years, 6-15% interest
Student Loan: Typically 10-25 years, 3-8% interest

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