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Loan & EMI Calculator Online — Free Tool

Calculate your Equated Monthly Installment (EMI), total interest paid, and preview the payoff timeline for loans.

Uses ISO 4217 currency codes. If you need another currency, tell me and I’ll add it.
PKR
%
This calculator estimates fixed monthly installments (EMI) assuming a constant interest rate.

Result

Monthly payment
PKR 25,447.90
Total interest
PKR 110,749.63
Total paid
PKR 610,749.63
Term
24 months
Total
610,750
Principal81.9%
Total Interest18.1%

Payment breakdown (first 12 months)

Month
Payment
Principal
Interest
Balance
1
PKR 25,447.90
PKR 17,114.57
PKR 8,333.33
PKR 482,885.43
2
PKR 25,447.90
PKR 17,399.81
PKR 8,048.09
PKR 465,485.62
3
PKR 25,447.90
PKR 17,689.81
PKR 7,758.09
PKR 447,795.81
4
PKR 25,447.90
PKR 17,984.64
PKR 7,463.26
PKR 429,811.18
5
PKR 25,447.90
PKR 18,284.38
PKR 7,163.52
PKR 411,526.79
6
PKR 25,447.90
PKR 18,589.12
PKR 6,858.78
PKR 392,937.67
7
PKR 25,447.90
PKR 18,898.94
PKR 6,548.96
PKR 374,038.73
8
PKR 25,447.90
PKR 19,213.92
PKR 6,233.98
PKR 354,824.81
9
PKR 25,447.90
PKR 19,534.15
PKR 5,913.75
PKR 335,290.66
10
PKR 25,447.90
PKR 19,859.72
PKR 5,588.18
PKR 315,430.93
11
PKR 25,447.90
PKR 20,190.72
PKR 5,257.18
PKR 295,240.21
12
PKR 25,447.90
PKR 20,527.23
PKR 4,920.67
PKR 274,712.98
Tip: If interest rate is 0%, monthly payment becomes \(loan amount / months\). For partial prepayments, we can add an advanced mode later.

Formula

EMI
\(EMI = P \cdot r \cdot (1+r)^n / ((1+r)^n - 1)\)
Where \(P\) = principal, \(r\) = monthly rate, \(n\) = number of months.
Values shown: monthly rate = 1.67%, months = 24.
Privacy note: All processing happens entirely in your browser. No data is sent to our servers.

About this tool

Loan & EMI Calculator is a browser-based calculator for calculate your equated monthly installment (emi), total interest paid, and preview the payoff timeline for loans. Enter your figures in the fields above and results update immediately—no signup and no data sent to our servers.

Change one input at a time to compare scenarios, such as different rates, terms, or contribution amounts, before you make a financial or academic decision.

How to use

  1. Enter your values in the calculator fields above.
  2. Review the computed totals, rates, or schedules.
  3. Adjust inputs to compare different scenarios.

This page is available at /tools/loan-emi-calculator/.

Related keywords

  • emi calculator
  • loan emi
  • monthly installment
  • loan payment calculator

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FAQ

What is Loan & EMI Calculator?

Loan & EMI Calculator is an online numbers tool that calculate your Equated Monthly Installment (EMI), total interest paid, and preview the payoff timeline for loans.

How do I use the Loan & EMI Calculator?

Enter your amounts, rates, and dates in the fields above. Results update instantly as you type, with no account or download required.

Is this tool free?

Yes—this tool is free to use with no account required.

Does it run locally in the browser?

Yes. Calculations and transformations run in your browser—your input stays on your device.