EMI stands for Equated Monthly Installment. It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.

How do I use this EMI calculator?

Simply enter your total loan amount, the annual interest rate, and the loan tenure in years. The calculator will automatically show you the monthly EMI, total interest payable, and the total amount you'll pay over the loan's lifetime.

Can I use this for a home loan, car loan, or personal loan?

Yes, absolutely. This calculator works for all types of loans that use a fixed interest rate, including home loans, car loans, and personal loans. It provides a quick and accurate way to understand your monthly financial commitment.

Free EMI Calculator

Instantly Calculate Your Equated Monthly Installment for Any Loan.

Planning a home, car, or personal loan? OmniCalc.site's free EMI calculator helps you accurately estimate your monthly payments. This simple, ad-free, and offline-ready tool provides a clear breakdown of your loan, including total interest and total payment, empowering you to make smarter financial decisions.

Loan Amount (Principal)

Annual Interest Rate (%)

Loan Tenure (Years)

Your Monthly EMI:

Total Interest

Total Payment

Understanding Your Loan EMI

Plan Your Budget: Know your exact monthly outgoings before you commit to a loan.
Compare Loan Offers: Easily compare different bank offers by changing the interest rate and tenure.
See the Big Picture: Understand how much interest you'll pay over the entire loan period.
Fast, free, and works offline on any device for calculations on the go.

Frequently Asked Questions

What is an EMI?

EMI (Equated Monthly Installment) is the fixed monthly payment you make to a lender to repay an outstanding loan within a specific timeframe.

How do I use this calculator?

Just enter the loan amount, annual interest rate, and the loan period in years. The results appear instantly without needing to click a button.

Does this work for all types of loans?

Yes. It's perfect for home loans, car loans, personal loans, or any other loan with a fixed interest rate.