💰 EMI Calculator

About this site

LoanCalcEMI.com does one thing: it shows you what a loan really costs. Type in an amount, a rate, and a term, and you get the monthly payment, the total interest, and a month-by-month amortization table — instantly, with no account, no email capture, and no "get matched with a lender" upsell. There are dedicated versions for mortgages, car loans, personal loans, and education loans, plus a library of plain-English guides on how borrowing actually works.

Who runs LoanCalcEMI

I'm Luiz Torres, a software developer. I build small, free, browser-based tools, and this site is one of them. You can find me on GitHub.

To be clear about what I am not: I am not a financial advisor, a mortgage broker, or a lender, and I hold no financial certifications. What I bring is the ability to implement the standard loan formulas correctly and to explain them in plain language. When I write the guides, I research the topic against official and established sources — the Consumer Financial Protection Bureau, the Federal Reserve, and references like Investopedia — and I verify every worked example with the same math engine that powers the calculators.

How the calculator works under the hood

The calculators use the reducing-balance amortization formula — EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1)— the same method banks use for standard home, car, and personal loans. All of it runs as JavaScript in your browser. The numbers you type are never sent to a server, which also means I couldn't look at your loan details even if I wanted to.

The site is free and paid for by ads. No lender pays to appear here, I earn no commission on any financial product, and no article exists to steer you toward a particular loan.

Read this before acting on anything here

Everything on this site — calculators and guides alike — is educational. It is not financial, tax, or legal advice, and it can't account for your income, your credit file, your country's lending rules, or your lender's specific terms. Real quotes include fees, insurance, and conditions a generic calculator can't model. Before you borrow, refinance, or prepay, check the actual numbers in your loan agreement and, for decisions of any size, talk to a licensed professional.

Found a problem?

If a calculation looks off or a guide contains an error, tell me — the contact page explains what to include so I can reproduce it. How guides get researched, written, and corrected is documented on the editorial standards page.