Finance
Loan & EMI Calculator — Monthly Payment & Interest, Free
Calculate monthly loan payment, total repayment, and total interest using the standard amortization formula. Works for personal loans, auto loans, or any fixed-rate term. Runs in your browser, fully private.
Monthly payment
€438.71
Total repayment€10,529.13
Total interest€529.13
Frequently Asked Questions
- How is the monthly payment calculated?
- Using the standard amortization formula: P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly interest rate, and n is the number of months.
- What is EMI?
- Equated Monthly Instalment — a fixed payment made each month that covers both interest and principal, so the loan is fully repaid by the end of the term.
- Does this account for fees or insurance?
- No. It calculates principal and interest only. Origination fees, insurance, and other charges are not included.
- Is my data sent anywhere?
- No. All calculations run in your browser.