EMI Calculator & Loan ROI Calculator
Calculate monthly EMI, total interest, total repayment, loan affordability, prepayment savings, loan comparison and investment ROI in one free finance calculator.
Loan EMI Calculator
Calculate your monthly EMI and complete loan repayment cost.
Your Loan Repayment
Standard reducing-balance estimate
Investment ROI Calculator
Calculate total ROI, profit/loss and annualized return (CAGR).
Investment Return
Total return and annualized performance
Loan Rate Finder
Estimate the annual reducing-balance rate implied by a quoted EMI.
This estimates the reducing-balance rate consistent with the EMI. For a true investment ROI, use the Investment ROI tab.
Estimated Loan Rate
Rate implied by your EMI and loan terms
Loan Prepayment Calculator
Estimate interest savings and the impact of a lump-sum prepayment.
Prepayment Impact
Illustrative savings based on the information entered
Loan Affordability Calculator
See how a proposed EMI fits alongside income and existing EMIs.
Affordability Check
A budgeting view—not a lender approval decision
Compare Two Loan Offers
Compare EMI, total interest and total repayment side by side.
Loan A
Loan B
| Metric | Loan A | Loan B | Difference |
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Free EMI Calculator for Loans, Mortgages and Personal Finance
Use the 5iTech EMI calculator to estimate your monthly loan payment, total interest and total repayment for personal loans, home loans, car loans, education loans, business loans and mortgages. Enter the loan amount, interest rate and tenure to calculate an EMI instantly. For deeper planning, the page also provides loan affordability, prepayment, comparison and repayment-schedule tools.
EMI Calculator, Loan ROI and Investment ROI in One Place
Loan cost and investment performance are different calculations. The EMI calculator measures the cost of borrowing. The Loan Rate Finder estimates the reducing-balance rate implied by an EMI and loan structure. The Investment ROI Calculator uses invested amount, final value and holding period to calculate total ROI and annualized return (CAGR). Keeping these use cases separate helps you choose the calculation that matches your financial question.
How Is EMI Calculated?
For a standard fixed-rate reducing-balance loan, EMI is calculated using the formula below:
EMI = P × r × (1 + r)n ÷ [(1 + r)n − 1]
Here, P is the loan principal, r is the monthly interest rate, and n is the total number of monthly payments. Actual lender calculations can differ because of rounding, rate changes, payment timing, fees, taxes and loan-specific terms.
Why Loan Tenure Matters
A longer tenure usually lowers the monthly EMI because the repayment is spread across more months. The trade-off is that total interest can increase. A shorter tenure normally raises the EMI but can reduce total interest when the interest rate and other terms are unchanged. Use the calculator to test both options rather than evaluating a loan only by its EMI.
Loan Prepayment: How Much Interest Can You Save?
A part-prepayment reduces outstanding principal. Depending on the lender and the repayment option selected, this can reduce the remaining tenure, reduce future EMIs, or both. The prepayment calculator provides an estimate of the interest savings and the change in repayment under the assumptions entered.
How to Check Loan Affordability
Affordability is more than a percentage of salary. Compare the proposed EMI with your existing EMIs, essential expenses, income stability and emergency savings. Lenders also use their own underwriting criteria, so the affordability result on this page is a budgeting aid and not an approval guarantee.
Investment ROI vs CAGR
Simple ROI measures the gain or loss relative to the amount invested: ROI = (Final Value − Investment) ÷ Investment × 100. CAGR adds the holding period and expresses the return as an annualized growth rate: CAGR = (Final Value ÷ Investment)1 / Years − 1. For multiple irregular cash flows, a cash-flow-based annualized measure such as XIRR may be more suitable than simple ROI or CAGR.
How to Compare Two Loan Offers
- Compare the annual interest rate, not just the advertised EMI.
- Compare the total interest over the complete tenure.
- Include processing fees and other known charges in the overall cost comparison.
- Check whether the interest rate is fixed or floating and understand how future changes may affect repayment.
- Review prepayment and foreclosure terms before making a long-term borrowing decision.
Frequently Asked Questions
What is an EMI?
EMI means Equated Monthly Instalment. It is the regular monthly payment used to repay a loan over the selected tenure, including principal and interest under the stated assumptions.
What inputs do I need for an EMI calculation?
You need the loan amount, annual interest rate and loan tenure. The calculator also accepts optional processing fees for broader cost analysis.
Does a longer tenure reduce EMI?
Generally yes, because repayment is distributed across more monthly payments. However, the longer repayment period can increase the total interest paid.
What is the difference between loan ROI and investment ROI?
A loan rate calculation estimates the borrowing rate implied by the EMI and loan terms. Investment ROI measures gain or loss relative to money invested. They answer different financial questions.
What is a loan amortization schedule?
An amortization schedule shows how each scheduled payment is allocated between interest and principal and how the outstanding balance changes over time.
Can I calculate prepayment savings?
Yes. Enter the outstanding balance, rate, remaining tenure and proposed prepayment to estimate the interest savings and repayment impact.
Can I compare two loan offers?
Yes. The comparison mode calculates EMI, interest, fees and total repayment for two loan offers and highlights the lower-cost option based on the entered assumptions.
Is this EMI calculator an official lender calculation?
No. It is an independent estimate. The actual amount charged by a lender can differ because of its terms, rounding, taxes, fees, payment dates, rate changes and other loan-specific conditions.
Methodology & Transparency
EMI calculations on this page use the standard reducing-balance formula. Amortization schedules calculate interest on the opening balance of each payment period. ROI uses the standard total-return formula and annualizes a single start/end investment using CAGR. Loan-rate solving numerically searches for the annual rate that reproduces the entered EMI. All results are generated in the browser from the values entered by the user.
Financial disclaimer: This calculator is provided for planning and educational purposes. It is not a loan offer, investment recommendation, tax advice or guarantee of lender terms. Verify rates, fees, taxes, eligibility, prepayment rules and other conditions with the relevant lender or qualified financial professional before making a financial decision.