EMI Calculator
Work out your monthly loan EMI, the total interest you will pay, and see a year-by-year or month-by-month repayment schedule.
Loading EMI Calculator…
How to use EMI Calculator
- 1Enter the loan amount, annual interest rate and tenure.
- 2Your monthly EMI, total interest and total payment update instantly.
- 3Open the repayment schedule to see principal and interest by year or month.
Why use FileDagadu
- Runs entirely in your browser — nothing is uploaded to a server
- No account, signup, or watermark required
- Works on desktop, tablet and mobile
- Free with no daily usage limit
Frequently asked questions
How is EMI calculated?
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.
Will this match my bank’s figure exactly?
It should be very close for a standard reducing-balance loan. Processing fees, insurance and rate changes on floating-rate loans can make the bank’s numbers differ slightly.
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