Loan EMI Calculator – Calculate Monthly Installments
Calculate your monthly loan EMI (Equated Monthly Installment). Find out your monthly payment, total interest, and total amount payable.
Loan EMI Calculator Formula
EMI = P × r × (1+r)^n / ((1+r)^n − 1)
Where:
- P = Principal loan amount
- r = Monthly interest rate (annual rate / 12 / 100)
- n = Total number of monthly payments
Loan EMI Calculator Example Calculation
Loan: ৳11,700,000.00, Rate: 8%, Tenure: 60 months (5 years)
Monthly rate = 8/12/100 = 0.00667
EMI = ৳11,700,000.00 × 0.00667 × (1.00667)^60 / ((1.00667)^60 − 1)
EMI = ৳237,233.88
Total Amount = ৳14,234,032.80
Total Interest = ৳2,534,032.80
Frequently Asked Questions about Loan EMI Calculator
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