TopToolAILoan EMI Calculator
Calculate your monthly EMI (loan installment) from the loan amount, interest rate and term, plus see the total amount you will repay over the life of the loan. A PKR 2,000,000 loan at 12% annual interest over 5 years works out to a monthly EMI of roughly PKR 44,500, using the standard reducing-balance EMI formula, for a total repayment near PKR 2.67 million over the loan term.
How to use Loan EMI Calculator
Step-by-step guide to the boxes below. Open it only if you need help.
How to use Loan EMI Calculator
Step-by-step guide to the boxes below. Open it only if you need help.
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1
Loan amount Number
Type the amount the bank is actually lending you, as plain digits (500000, not 5,00,000). This is the principal, not what you will pay back in the end.
Example: 500000
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2
Annual interest % Number
Use the yearly rate from your loan offer or the bank's rate sheet. Type 12 for 12%, not 0.12. You do not need to convert it to monthly, the tool does that.
Example: 12
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3
Term (months) Number
How long you will take to repay, counted in months. 3 years is 36, 5 years is 60. A longer term lowers the monthly EMI but increases the total interest.
Example: 36
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4
Press “Calculate EMI”
Click the button under the boxes. If something is missing or not valid, a short message tells you which box to fix.
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5
Read your result
You get your monthly instalment (EMI), the total you will pay back and how much of that is pure interest. Change any box and try again to compare different numbers.
Loan EMI Calculator FAQs
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