Calculate EMI for home loans, car loans, and personal loans. See monthly payments, interest, and amortization.
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Navigate to the EMI Calculator on UtilsNow. Calculate loan EMIs instantly with no signup.
Input the total loan principal amount you want to borrow or are considering.
Enter the annual interest rate offered by your bank or lender. Use the current market rate for accurate results.
Select the loan period in months or years. Longer tenure means lower EMI but more total interest paid.
The calculator shows your monthly EMI, total interest payable, total payment amount, and an amortization schedule showing the principal vs interest breakdown.
Use our free EMI Calculator tool — no signup, no uploads, works directly in your browser.
Open EMI CalculatorEMI (Equated Monthly Installment) is a fixed monthly payment made to repay a loan over a set period. It includes both principal repayment and interest.
EMI = P * r * (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is number of months.
Shorter tenure means higher EMI but less total interest paid. Longer tenure means lower EMI but more interest over time. Choose based on your monthly budget.