Calculate Loan EMI, Total Interest, and Total Payment Instantly
Free Loan EMI Calculator | EMI, Interest & Total Payment | Toolmorph
Switch to "Months" if you prefer entering total months directly (e.g., 24).
About Loan EMI Calculator
Toolmorph's Loan EMI Calculator uses the standard amortization formula to compute monthly repayments. It supports tenure in years or months, giving you flexibility when planning your finances.
EMI Formula Used
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]where P = Principal, R = Monthly Interest Rate, N = Number of Months.
Why Use Toolmorph EMI Calculator?
- ✅ Accurate EMI, interest, and total payment
- ✅ Tenure input in years or months
- ✅ Auto-detected currency with manual selection
- ✅ 100% browser-based, private, and free
Frequently Asked Questions
Is this EMI Calculator free?
Yes, it's completely free with no sign-up or installation required.
Does it convert currency values?
No. Currency selection only changes the displayed symbol/code for clarity — values are not converted.
Can I use decimal interest rates?
Absolutely. You can enter any rate like 7.25% or 8.5% and get precise results.
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