ManyEMI Calculator
Monthly EMI, total interest and payment for any loan — instantly.
Repayment breakdown
This free EMI calculator works for home loans, car loans, personal loans and any reducing-balance loan. Enter the loan amount, annual interest rate and tenure to see your equated monthly instalment (EMI), the total interest you'll pay, and the total amount payable — with a year-by-year breakdown.
How is EMI calculated?
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan amount, r is the monthly rate (annual ÷ 12 ÷ 100) and n is the number of months.
Can I use it for home, car and personal loans?
Yes — the reducing-balance formula is the same for all of them.
Is it free?
Yes, free with no sign-up, and it runs entirely in your browser.
What if I pay more than the EMI?
Anything above the EMI comes straight off the principal, so the loan ends years early and you pay far less interest. The loan prepayment calculator works out exactly how many years and how much interest a monthly top-up or a lump sum would save you.
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