Calculate EMI
Calculate fixed-rate monthly loan payments and total interest.
Input & settings
How to use this tool
Enter the principal, nominal annual interest rate, and number of monthly installments.
Limits and behavior
Amounts use the same currency unit and are rounded to two decimals. This is an arithmetic estimate, excluding fees and other charges. Interest and payments round to cents each month; the last payment adjusts the remaining balance. No variable rates, fees, or prepayments. Maximum term: 600 months. Input is limited to 1 MB and output to 3 MB. No input content is saved by CraftAI.
Estimate equal monthly installments for a loan
Enter the loan amount, interest rate and repayment term to estimate a fixed-rate monthly EMI and total interest. Useful for comparing general loan scenarios.
Is an EMI estimate the same as an actual lender quote?
No. Processing fees, variable rates, insurance, taxes and lender rounding can affect the final repayment amount.
Related tools: Simple interest · Loan amortization schedule