Loan EMI Calculator

Loan EMI Calculator

Calculate your monthly loan payments easily

PKR 10,000.00
PKR
8.5%
%
12 Months

Payment Summary

📅
Monthly EMI
PKR 872.20
💰
Total Interest
PKR 466.37
📊
Total Payment
PKR 10,466.37
Principal PKR 10,000.00
Interest PKR 466.37
Principal Amount
Total Interest
Loan Amount PKR 10,000.00
Monthly Interest Rate 0.71%
Loan Tenure 12 Months

📘 How to Use the EMI & Loan Calculator

This calculator helps you calculate your monthly EMI (Equated Monthly Installment), total interest, and total payment for a loan. Follow the steps below.

1️⃣ Enter Loan Details

  1. Loan Amount:
    Enter the total loan you want to borrow.

  2. Interest Rate (% per year):
    Enter the annual interest rate of your loan (e.g., 8.5%).

  3. Loan Tenure:
    Enter the loan period in years or months, depending on the option provided.

2️⃣ Calculate EMI

  • Click the Calculate button.

  • The calculator will display:

    • Monthly EMI

    • Total Interest Payable

    • Total Amount Payable (Principal + Interest)

3️⃣ Formula Used

The calculator uses the standard EMI formula:

Where:

  • P = Loan Amount

  • R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)

  • N = Total number of monthly installments (Tenure in months)

4️⃣ Interactive Sliders (If Enabled)

  • You can adjust Loan Amount, Interest Rate, or Tenure using sliders.

  • Values update instantly for better user experience.

5️⃣ Reset Option

  • Click the Reset button to clear all fields and start a new calculation.

⚠️ Important Notes

  • Enter numbers only.

  • Decimal values allowed for interest rate (e.g., 7.5%).

  • EMI is calculated monthly and rounded to 2 decimal places.

  • Total Interest and Total Payment are calculated accurately using the standard formula.

📱 Mobile Friendly

This calculator works smoothly on mobile, tablet, and desktop devices.
Sliders and input fields are optimized for touch devices.

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