EN
HI
Rs 10 lakh at 15% for 3 years
The worked example above, reducing balance.
interest Rs 2,47,952 ResultRs 34,665
MANAMIL
Free online calculators
manamil.dev/tools/emi-calculator
manamil.dev/tools/emi-calculator
EMI Calculator
Printed on
Answer
…
Break-up of total payment
Disclaimer: results are estimates for planning only. Your bank’s final EMI may differ due to fees, insurance, rounding or rate changes. Please confirm with your lender before making a decision.
How it was worked out
Where your money goes
Payment schedule
Principal, interest and balance for every year — tap a year to see its months.
Overview
Free loan EMI calculator
Enter the loan amount, the interest rate and the time — see your monthly EMI, the total interest and every payment.
Works for home loans, car loans, personal loans, bike loans, education loans and credit-card instalments in any currency. Compare offers before you sign, and see how much you save by paying a little extra each month. Jump to how to use it, the EMI formula or the FAQ.
Shows
EMI, interest, total
Schedule
By year or month + CSV
Extra
Prepayment savings
Price
Free, no sign-up
At a glance
Your EMI
Your EMI
in five steps.
No formula to learn and no “Calculate” button — the answer changes as you type or drag a slider.
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1 step 1
Pick the loan type
Home, Car, Personal, Education, Business or Other — it fills a typical amount, rate and tenure.
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2 step 2
Pick your currency
Rs, ₹, $, AED, SAR … and the number style 10,00,000 (lakh) or 1,000,000 (million).
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3 step 3
Amount, rate, tenure
Type them or drag the sliders. Tenure in Years or Months.
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4 step 4
Read your EMI
Monthly EMI, total interest, total payment, the donut break-up and when the loan ends.
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5 step 5
See every payment
Chart and yearly table — open a year for its months, download Excel, print or share.
How to use
How to use the
How to use the
EMI calculator.
Every part of the tool, step by step, with a picture. The purple numbers in each picture match the list next to it.
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manamil.dev/tools/emi-calculator
Step 01 / 07Pick a loan type and your currency
Start at the top. These choices fill sensible starting numbers.
- →1 · Type of loan — Home, Car, Personal, Education, Business or Other. Each fills a typical amount, rate and tenure; change any of them to yours.
- →2 · Currency — Pakistani rupee (Rs) and 37 more. The calculator picks your country’s currency by itself; choose another any time.
- →3 · Number style — 10,00,000 groups in lakh and crore (Pakistan, India, Bangladesh); 1,000,000 in thousands and millions.
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manamil.dev/tools/emi-calculator
Step 02 / 07Enter amount, rate and tenure
Type exact numbers in the boxes, or drag the sliders to try “what if” quickly.
- →1 · Loan amount — the money you borrow (car price minus down payment). Commas are added for you.
- →2 · Amount slider — drag to change it; the marks under it show round amounts (50L, 1Cr …).
- →3 · Interest rate — the yearly rate (or profit rate) your bank quotes, for example 18%.
- →4 · Rate slider — 0 to 30%.
- →5 · Loan tenure — how long you repay.
- →6 · Years / Months — switch the unit; 5 years becomes 60 months by itself.
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manamil.dev/tools/emi-calculator
Step 03 / 07Open More options (if your loan needs them)
Most people can skip this. Use it when your bank or dealer mentions any of these:
- →1 · EMI scheme — in arrears: first EMI after one month (most loans); in advance: first EMI on day one (many car and leasing loans), a slightly lower EMI.
- →2 · Interest type — Reducing balance (banks, home loans) or Flat rate (some car, bike and consumer loans). For flat, the answer shows the real rate it equals.
- →3 · Processing fee — a one-time charge. The answer shows what you really receive and the true cost (APR).
- →4 · % or Amt — the fee as a percentage of the loan or as a fixed amount.
- →5 · Extra payment every month — a prepayment on top of the EMI: see how much sooner the loan ends and the interest saved.
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manamil.dev/tools/emi-calculator
Step 04 / 07Read your EMI
Explained number by number in Every part of the answer below.
- →The big number is your monthly EMI; the cards show total interest, total payment and when the loan ends.
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manamil.dev/tools/emi-calculator
Step 05 / 07Choose how the schedule is grouped
Scroll down to the payment schedule.
- →1 · First EMI in — the month of your first installment; every row gets its real month and year.
- →2 · Group by — Calendar year (Jan – Dec) or Financial year, handy for tax and accounts.
- →3 · Financial year starts in — July for Pakistan, Bangladesh, Australia and Egypt; April for India, the UK, Japan and Canada; October for the US federal year. It is set by itself from your currency.
- →4 · Chart — each bar is one year: green = principal, gold = interest. The purple line is the balance you still owe (right-hand scale). Point at a bar for its numbers.
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manamil.dev/tools/emi-calculator
Step 06 / 07Open the yearly table and download it
Every payment, grouped by year.
- →1 · Expand all — opens every year to show all months.
- →2 · Collapse all — back to one row per year.
- →3 · Download Excel — the whole month-by-month schedule as a file for Excel or Google Sheets.
- →4 · A year — tap ⊞ / ⊟ to open or close its months.
- →5 · A month — that month’s principal (A), interest (B), payment (A + B) and balance left.
- →6 · Loan paid to date — how much of the loan is repaid so far, in percent.
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manamil.dev/tools/emi-calculator
Step 07 / 07Try an example, copy, share or print
At the bottom of the tool.
- →1 · Try an example — fills the tool with a real loan (home, personal, car in advance, flat rate with fee, mortgage with extra).
- →2 · Copy answer, 3 · Share link, 4 · Print, 5 · Reset — see What the buttons do.
The basics
What is
What is
EMI?
A fixed monthly installment
EMI (Equated Monthly Installment) is the fixed amount you pay your bank every month until a loan is fully repaid. Each EMI has two parts: interest on the remaining balance, and principal that reduces what you owe.
Interest first, principal later
In the early months most of the EMI goes to interest. As the balance falls, a bigger share goes to principal, even though the EMI itself stays the same — the chart and the table show this year by year. In Pakistan, EMI is often called qist or monthly installment.
EMI formula
How EMI
How EMI
is calculated.
Banks calculate EMI on a reducing balance with this formula.
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
P
Loan amount
The principal you borrow, after any down payment.
r
Monthly interest rate
r = annual rate ÷ 12 ÷ 100 15% a year → 15 ÷ 12 ÷ 100 = 0.0125.
n
Number of installments
n = tenure in months 3 years → 3 × 12 = 36.
adv
EMI in advance
EMI in advance = EMI ÷ (1 + r) The first payment is made on day one, so each EMI is a little smaller.
flat
Flat rate
EMI = (P + P × rate × years) ÷ n Interest on the full amount for the whole tenure.
Worked example
A Rs 10 lakh loan
A Rs 10 lakh loan
step by step.
Rs 1,000,000 at 15% per year for 3 years, reducing balance.
The answer
Every part of
Every part of
the answer, explained.
What you see on the right after entering a loan.
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1
Your monthly EMI
The big number — here Rs 1,01,574. The label above it changes with the loan type (Car loan EMI, Home loan EMI …).
-
2
Chips
per month and the number of payments — 60 payments for 5 years.
-
3
Summary line
The whole loan in one sentence: amount, rate, tenure, EMI scheme and the month of the last EMI.
-
4
Donut chart
Green = the loan you repay, gold = the interest. The centre shows the total you pay (60.9L).
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5
Break-up of total payment
Principal Rs 40,00,000 (65.6%) and total interest Rs 20,94,423 (34.4%).
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6
Loan EMI
The same EMI, every month.
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7
Total interest payable
All the interest over the loan, and its share of everything you pay.
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8
Total payment
Principal + interest: what the loan costs in total.
-
9
Loan ends
The month of your last EMI, the number of EMIs and the tenure.
Extra cards
Cards that appear
Cards that appear
when they matter.
These show up only when you use More options.
-
1
Processing fee
The fee in money and what you really receive after it (loan − fee).
-
2
Real rate (APR)
For a flat rate: the reducing-balance rate it really equals — an 18% flat rate here is about 29% reducing. With a fee: the true yearly cost including the fee. Shown in orange as a warning.
With an extra monthly payment you also get an Interest saved card in green, with how much sooner the loan ends.
Flat vs reducing
Flat rate vs
Flat rate vs
reducing balance.
A flat rate charges interest on the full loan amount for the whole tenure; a reducing-balance rate charges interest only on what you still owe. That is why a 15% flat rate is far more expensive than 15% reducing.
| Rs 1,000,000 · 15% · 3 years | Reducing balance | Flat rate |
|---|---|---|
| Monthly EMI | Rs 34,665 | Rs 40,278 |
| Total interest | Rs 247,952 | Rs 450,000 |
| Total payment | Rs 1,247,952 | Rs 1,450,000 |
| Real yearly rate | 15% | about 26% reducing |
Always ask your bank or dealer which method they use before comparing offers. Set More options › Interest type to match, and the calculator shows the real rate.
Islamic financing
Ijarah, Murabaha,
Ijarah, Murabaha,
Diminishing Musharakah.
Profit rate instead of interest
Islamic banks quote a profit rate instead of an interest rate, and the structure is rent or sale based rather than a loan. The monthly installment, though, is usually calculated the same way.
How to use the calculator
Enter the profit rate in the rate field to get a close estimate of your monthly rental. Insurance (takaful) and other charges may be added separately, so confirm the final rental with your bank.
What affects it
What affects
What affects
your EMI.
Loan amount
A bigger loan means a bigger EMI, in direct proportion.
Interest rate
Even 1% higher adds thousands of rupees over the life of the loan. Drag the rate slider to see it.
Tenure
A longer tenure lowers the monthly EMI but raises the total interest you pay.
Down payment
Paying more upfront shrinks the loan and every EMI with it.
Rate type
A flat rate costs much more than a reducing-balance rate at the same percentage.
Floating rates
Many Pakistani loans are linked to KIBOR, so the EMI can change when KIBOR is revised (usually every 6 or 12 months).
EMI table
EMI for common
EMI for common
loan amounts.
Monthly EMI at 15% per year, reducing balance. Use the calculator above for your own rate.
| Loan amount | 1 year | 3 years | 5 years |
|---|---|---|---|
| Rs 1,000,000 | Rs 90,258 | Rs 34,665 | Rs 23,790 |
| Rs 2,000,000 | Rs 180,517 | Rs 69,331 | Rs 47,580 |
| Rs 5,000,000 | Rs 451,292 | Rs 173,327 | Rs 118,950 |
Worked examples
8 worked EMI
8 worked EMI
examples.
Real loans with the answer. Press Use example to load one into the calculator above.
The same loan at a 15% flat rate
Interest on the full Rs 10 lakh for 3 years.
interest Rs 4,50,000 · real rate ≈ 26% ResultRs 40,278
Car loan Rs 40 lakh, 18%, 5 years
A typical car financing in Pakistan, EMI in arrears.
interest Rs 20,94,423 ResultRs 1,01,574
The same car loan, EMI in advance
First installment on the day you get the car.
interest Rs 20,04,357 ResultRs 1,00,073
Home loan Rs 1 crore, 12%, 20 years
A house financing over 240 months.
interest Rs 1,64,26,067 ResultRs 1,10,109
The same home loan + Rs 10,000 extra a month
A small prepayment every month.
ends 5 years sooner Resultsaves Rs 48,52,382
Personal loan Rs 5 lakh, 24%, 2 years, 2% fee
A processing fee of Rs 10,000 raises the real cost.
APR with the fee ≈ 26.15% ResultRs 26,436
Car loan $30,000, 7%, 60 months
The same tool in US dollars and million style.
interest $5,642.16 Result$594.04
Buttons
What the buttons
What the buttons
do (and do not do).
Everything you can do with a result.
| Button | What it does | What you get | Good to know |
|---|---|---|---|
| Copy answer | Copies the result as plain text | Loan, rate, tenure, EMI, total interest, total payment, last EMI (and fee, APR, savings) plus the page link | Paste it into WhatsApp, email or notes. |
| Share link | Copies a link to this exact calculation | The page with your loan type, currency, amount, rate, tenure and options filled in | Send it to family, a dealer or a bank officer, or bookmark it. On a phone it opens the share menu. |
| Prints a clean report, or saves it as a PDF | Manamil header, date, your inputs, the EMI, donut, cards, chart and the schedule | No menus or guide on the paper. Choose “Save as PDF” to keep a file. Ctrl + P does the same. | |
| Download Excel | Saves the full schedule as a file | Every month: payment number, principal, interest, payment, extra, balance and % paid | Opens in Excel, Google Sheets or Numbers. |
| Expand all / Collapse all | Opens or closes every year in the table | All months, or one row per year | Tap a single year to open just that one. |
| Reset | Clears everything | The starting numbers again | Cannot be undone — copy or share first. |
No account is needed and nothing is stored: the numbers you type stay in your browser.
Print / PDF
What the printed
What the printed
page looks like.
Tap Print, then pick your printer — or “Save as PDF” to keep a file for the bank or your records.
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1
Header
The Manamil logo, the page address and the calculator name.
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2
Date and your inputs
When it was printed, the loan type, currency, amount, rate, tenure and every option you chose.
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3
The result and schedule
The EMI, the donut break-up, the cards, the yearly chart and the schedule table as it is open on your screen.
Save money
5 ways to pay
5 ways to pay
less interest.
FAQ
Questions
Questions
people ask.
EMI means Equated Monthly Instalment — the same amount you pay every month until a loan is paid off. Each EMI pays part interest and part of the loan.
Last updated: · Built by Manamil Dev.