How is the monthly payment calculated?

We use the standard amortizing-loan formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1). The rate is the annual rate divided by 12 and 100.

Does this include fees or insurance?

No — the result is the base loan payment. Origination fees, insurance and taxes vary by lender and should be added separately.

What if the interest rate is 0?

With a zero-rate loan, the monthly payment is simply the loan amount divided by the number of months.

Can I use it for any currency?

Yes — pick a currency from the dropdown. The math is identical; only the formatting changes.

Loan Calculator

Calculate EMI for any loan amount, tenure and interest rate.

Inputs

Loan amount

USD

Interest rate (annual)

Loan term

Currency

Result

Monthly Payment

$512.91

60 payments

Total Interest$5,774.80

Total Paid$30,774.80

Principal$25,000.00

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Formula

EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual ÷ 12 ÷ 100) and n is the loan term in months.

How it works

A loan calculator estimates your fixed monthly payment, total interest and total amount paid on an amortizing loan. Use it to compare offers and stress-test your budget before borrowing.

Example

Example: A $25,000 loan at 8.5% APR for 5 years produces a monthly payment of $512.91, total interest of $5,774.61 and total paid of $30,774.61.

Frequently Asked Questions

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Disclaimer: Results are estimates for informational purposes only and should not be considered financial, medical, legal, or professional advice. Always consult a qualified professional before making decisions.