Loan EMI Calculator
A simple, intuitive WordPress plugin to calculate your monthly loan payments with precision
Loan EMI Calculator
Monthly EMI
Total Interest
Total Payment
Estimates are for informational purposes only. Actual amounts may vary.
What is a Loan EMI?
An EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay your loan, which includes both principal and interest. Whether you’re planning to borrow from a bank or an NBFC, knowing your EMI in advance helps you plan your budget smartly.
Key Features
- Loan Amount with real-time currency formatting
- Annual Interest Rate input
- Loan Tenure (months/years toggle)
- Optional Down Payment field
- Real-time calculation updates
EMI Results
- Monthly EMI – Clearly highlighted
- Total Interest Payable
- Total Repayment Amount
- Informative disclaimer
- Fully responsive design
Advanced Calculation Options
Flexible tools for accurate financial planning
Interest Type Toggle
Switch between Simple and Compound Interest calculations with a single click. This flexibility allows you to compare different loan structures and choose what works best for your financial situation.
Interactive Controls
Our plugin features intuitive sliders alongside input fields, giving you multiple ways to adjust values. The visual feedback helps you understand how changing parameters affects your payments.
Handy Buttons
Quickly reset all fields with the Clear button or manually trigger calculations if you prefer. The interface is designed for both quick estimations and detailed financial planning.
Who Should Use This EMI Calculator?
Perfect financial tool for various borrowing needs
Home Buyers
Calculate housing loan EMIs for your dream home
Car Buyers
Compare auto loan options and monthly payments
Students
Plan education financing with accurate repayment estimates
Financial Advisors
Provide clients with quick loan breakdowns and comparisons
Why Use Our EMI Calculator?
Experience the advantages of smart financial planning
100% Secure & Private
All calculations happen in your browser – no data is uploaded to any server. Your financial information remains completely private.
Fully Responsive
Works perfectly on any device – desktop, tablet, or mobile phone. Get accurate EMI calculations wherever you are.
Real-Time Updates
See results instantly as you adjust loan parameters. Visualize how interest rates and tenure affect your monthly payments.
Visualize Interest Impact
Understand how much interest you’ll pay over the loan’s lifetime, helping you make informed borrowing decisions.
How is EMI Calculated?
Understanding the mathematics behind your monthly payments
The EMI Calculation Formula
The standard EMI formula for compound interest is:
Where:
P = Principal Loan Amount
The total amount borrowed before any interest or fees
R = Monthly Interest Rate
Annual interest rate divided by 12 and then divided by 100 (to convert from percentage)
N = Loan Tenure in Months
Total number of monthly installments for repayment
When using simple interest, the calculation changes to: EMI = (P + (P × R × N)) / N
Plan Smarter with Our EMI Calculator
Understanding your loan obligations is critical. Whether you’re comparing different lenders or just budgeting your finances, our Loan EMI Calculator gives you the numbers you need – instantly.
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