Do I need to sign up?

No. The tool works without an account.

Are my data uploaded?

Compatible operations run locally in the browser.

EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly rate (annual/12/100), and n is number of months.

This version calculates a fixed monthly payment. For weekly or bi-weekly, convert the term and rate accordingly.

Results use standard amortisation formula and are rounded to 2 decimal places for currency.

Calculate monthly loan payment (EMI), total interest, and total amount from principal, annual rate, and term in months.

Monthly payment

$299.71

Interest: $789.52 · Total: $10789.52

Principal ($)Annual rate (%)Term (months)

Example 1: $10,000, 5%, 36 months → ~$299.71/mo

Example 2: $50,000, 7.5%, 60 months → ~$1,001.89/mo

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Tool guide

Practical information to understand the result and use this tool correctly.

Calculate monthly loan payment (EMI), total interest, and total amount from principal, annual rate, and term in months.

The tool runs directly in the browser for immediate results.

Do I need to sign up?: No. The tool works without an account.
Are my data uploaded?: Compatible operations run locally in the browser.
How is the monthly payment calculated?: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly rate (annual/12/100), and n is number of months.
Does it support different payment frequencies?: This version calculates a fixed monthly payment. For weekly or bi-weekly, convert the term and rate accordingly.
Is the result exact?: Results use standard amortisation formula and are rounded to 2 decimal places for currency.