Free Loan EMI Estimator

This page explains how to use our free Loan EMI Estimator to calculate your monthly payment, total interest and total repayment for personal, auto and home loans. If you just want to run the numbers now, you can go directly to the main loan calculator.

Need to know the EMI for 20,000 loan for 5 years? This guide helps you compare the monthly payment on a 20000 personal loan and even calculate EMI for 20000 car loan so you can plan confidently across lenders.

This free EMI calculator lets you estimate your monthly loan payment for different loan amounts, interest rates and tenures, so you can quickly answer questions like "what will be my monthly payment for a $10,000 personal loan over 3 years?" or "how much will I pay in total interest on this car loan?".

How the free EMI estimator works

The tool on the homepage uses the standard EMI formula. You choose:

Loan type (personal, auto or home loan).
Loan amount you plan to borrow.
Annual interest rate (APR).
Loan tenure in months.

The estimator then calculates a fixed monthly payment, the total interest you would pay over the life of the loan, and the total repayment amount (principal + interest).

Example EMI questions you can answer

"How much will my monthly payment be for a $5,000 personal loan at 12% for 24 months?"
"What is the EMI on a $25,000 auto loan for 60 months?"
"If I refinance my home loan, how will my monthly payment change?"

To try these scenarios, open the Loan EMI Estimator, adjust the sliders for amount, interest rate and tenure, and watch the monthly EMI update in real time.

Why use an online EMI estimator before applying

Lenders will eventually give you an official loan offer, but doing your own calculations first helps you understand what is affordable before you apply. You can test shorter or longer tenures, compare different interest rates and see how much extra interest you would pay over time.

This tool does not run a credit check and does not save your personal details. It is simply a free, anonymous way to explore different loan scenarios so you can have a clearer picture of your monthly budget.

Important: This EMI estimator is for information and educational purposes only. It does not provide financial advice or a loan offer. Actual terms, interest rates, fees and monthly payments depend on the lender or financial institution you choose.