Loan & Financing Calculator

Work out your monthly installment and interest

60 months = 5 years
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Monthly installment
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Total interest
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Total payment

How are loan installments calculated?

The calculator uses the globally recognised equal installment (EMI) formula:

EMI = P × r × (1+r)^n / ((1+r)^n - 1)

  • P: the loan amount
  • r: the monthly interest rate = annual rate / 12
  • n: the number of months

Note: The results are estimates. An actual loan may include administrative fees or insurance. Check with your bank for the final offer.