About EMI Calculator

EMI Calculator is a free online tool that answers the one question every borrower asks first: how much will I pay every month? Type your loan amount, annual interest rate and tenure, and it works out your monthly EMI, total payment and total interest with the standard EMI formula — then shows the full amortisation table month by month, and lets you compare two loan offers side by side. It was made by Anees Ur Rehman for everyone who wants to check a bank's numbers before signing anything.

Every answer is worked out exactly, and shows how it was calculated so you can check it yourself — for example, a loan of 1,000,000 at 12% a year for 5 years (60 months) has a monthly EMI of 22,244.45, a total payment of 1,334,666.86 and total interest of 334,666.86. The amortisation table shows the first month as 10,000 interest and 12,244.45 principal, leaving a balance of 987,755.55, and the last month leaves a balance of zero. Amounts can be shown in Pakistani rupees (PKR) or US dollars (USD) — the maths is the same in any currency, only the label changes.

EMI Calculator is free forever. There is no account, no sign-up, no install and no limit. Your loan figures are calculated in your browser and never sent to any server. The site is supported by advertising (Google AdSense) — the ads keep the tool free, and you can choose personalised or non-personalised ads with the cookie banner at the bottom of the page.

An honest note about bank EMIs

The EMI on this site is calculated from the numbers you type only. A real bank EMI can differ because of processing fees, insurance, taxes, or a rate that changes during the loan. Always check the final EMI, fees and terms with your bank before borrowing. This calculator is a planning tool, not a loan offer, and it is not financial advice.

Who made EMI Calculator?

EMI Calculator is made by Anees Ur Rehman, who also runs ToolKamai (free online tools), AI Creator Studio (free AI tools), Percentage Calculator, Discount Calculator and Sleep Calculator. If a calculation looks wrong, or you want another calculator added, please contact us — every message is read.