Work out the monthly instalment on a home, car, personal or education loan, and see exactly how much of it is interest.
Use Shawon Calculators' free emi calculator to get instant, accurate results directly in your browser. No data is stored or transmitted — all calculations happen locally on your device for complete privacy.
Free EMI calculator for home, car, personal and education loans. Get your monthly EMI, total interest and a year-by-year repayment table in BDT, INR, USD and more. Part of our Financial calculators collection, trusted by students, professionals, and everyday users worldwide.
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EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments. This is the reducing-balance method banks use.
Yes, a longer tenure lowers each instalment, but you pay interest for longer, so the total interest rises. Use the breakdown to compare tenures before you decide.
This calculator uses the reducing-balance method, where interest is charged only on the outstanding principal. A flat-rate loan with the same headline rate costs noticeably more.
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EMI = P × r × (1+r)^n / ((1+r)^n − 1)
Where P = loan amount, r = monthly interest rate (annual rate ÷ 12 ÷ 100) and n = number of monthly instalments. Interest is charged on the reducing balance, so early instalments are mostly interest and later ones mostly principal.
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