EMI Calculator
Enter your loan details below to calculate your EMI, total payment, and interest.
Results:
Monthly EMI: 0.00
Total Payment: 0.00
Total Interest: 0.00
What is an EMI?
An EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay your loan over a specified period; it includes both principal and interest components.
EMI Formula
The EMI can be calculated using the formula:
EMI = P × r × (1 + r)^n / ((1 + r)^n – 1)
Where P = principal, r = monthly interest rate, n = total number of monthly payments.
How to Use This Loan / EMI Calculator
- Enter your loan amount, interest rate, and tenure in years.
- Click the "Calculate EMI" button.
- Your monthly EMI, total payment, and total interest will appear instantly below the form.
Why Use Our Free Loan / EMI Calculator?
- Instant calculation of EMI and total payment
- Helps you plan your loan repayments accurately
- Works on desktop, tablet, and mobile devices
- Completely free to use
Frequently Asked Questions
Can I calculate EMI for different loan types? Yes, this calculator works for home, personal, or car loans.
Does it work for future loans? Yes, you can enter any valid principal, interest rate, and tenure.
Is my data saved? No, all calculations happen locally in your browser.
Check out our other tools: SIP Calculator or FD Calculator for more financial insights.
Global Loan & EMI Trends (2020–2025)
1. Global Lending Interest Rates
2. Global Loan Growth Forecast
3. Average Personal Loan Interest Rates in the U.S. (2025)
4. Average Personal Loan Balances in the U.S. (2025)
| Loan Type | Average Balance (USD) | Percentage of Total |
|---|---|---|
| Bank Consumers | $12,788 | 35% |
| Credit Union Consumers | $8,397 | 25% |
| Fintech Consumers | $13,422 | 40% |
5. Global EMI Trends (2020–2025)
| Year | Average EMI Interest Rate (%) | Average Loan Balance (USD) |
|---|---|---|
| 2020 | 10.5 | 10,000 |
| 2021 | 11.0 | 11,000 |
| 2022 | 11.5 | 12,000 |
| 2023 | 12.0 | 13,000 |
| 2024 | 12.5 | 14,000 |
| 2025 | 13.0 | 15,000 |