Loan & Mortgage Calculator
Calculate EMI, monthly payments, total interest, and see how extra payments save money. Supports multiple currencies.
Loan Details
Monthly EMI
โน1,398
for 360 months (30.0 years)
Principal
โน2,00,000
Total Interest
โน3,03,434
Total Payment
โน5,03,434
๐ EMI Calculator
EMI (Equated Monthly Installment) is the fixed payment amount made by a borrower to a lender at a specified date each calendar month.
EMI Formula:
EMI = P ร r ร (1+r)โฟ / ((1+r)โฟ - 1)
Where P = Principal, r = Monthly interest rate, n = Number of months
Your calculation:
โน2,00,000 at 7.5% for 360 months = โน1,398/month
๐ก Tips
- Even small extra payments significantly reduce total interest
- A 0.5% lower rate can save lakhs over a long loan term
- Shorter terms mean higher EMI but much less interest paid
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No account required โข No tracking โข No data collection โข Works offline after initial load