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Estimate your monthly loan EMI, total interest payable, and full amortization schedule for home, car, personal, or student loans using the reducing-balance method.
Financial
Generated on September 8, 2026
Estimate your monthly loan EMI, total interest payable, and full amortization schedule for home, car, personal, or student loans using the reducing-balance method.
A Loan / EMI (Equated Monthly Installment) Calculator helps you estimate your fixed monthly repayment amount for any loan — home, car, personal, or student loan. Enter the loan principal, annual interest rate, and tenure to instantly see your monthly EMI, total interest payable, and total amount paid over the loan term. This is essential for anyone evaluating a loan offer, comparing lenders, budgeting around a new commitment, or deciding whether to prepay early.
Formula
EMI = [P × r × (1+r)^n] / [(1+r)^n – 1]Most people opening an EMI calculator are about to commit five to twenty years of their life to a single number, and the bank officer across the desk is in a hurry. That's the part nobody tells you upfront — a 1% rate change on a PKR 5,000,000 home loan shifts your total interest by roughly 700,000 over a 15-year term. Banks rarely volunteer that math, and the glossy brochure showing your monthly EMI almost never shows what you actually pay across the life of the loan. What you really want to know before you sign isn't just "what's my monthly payment" but "what does this loan actually cost me, and what changes if I prepay a single bonus into it each year?" Run a few scenarios here before you walk into the bank — KIBOR-linked floating rates, fixed home finance, an auto loan you're tempted to stretch from 5 to 7 years. You'll catch the difference between a "good rate" and a great one, and you'll know exactly how much room you have to negotiate the tenure. The prepayment scenario is the one that changes most people's minds.
A Loan / EMI (Equated Monthly Installment) Calculator helps you estimate your fixed monthly repayment amount for any loan — home, car, personal, or student loan. Enter the loan principal, annual interest rate, and tenure to instantly see your monthly EMI, total interest payable, and total amount paid over the loan term. This is essential for anyone evaluating a loan offer, comparing lenders, budgeting around a new commitment, or deciding whether to prepay early. The calculator uses the standard reducing-balance method, which is how virtually all banks in Pakistan, India, the US, and Europe compute residential and consumer loans.
P = loan principal, r = monthly interest rate (annual rate ÷ 12 ÷ 100), n = loan tenure in months. Uses the reducing-balance method.
Estimated monthly EMI at 12% annual interest (reducing balance). Use the calculator for your exact rate and tenure.
| Loan Amount | 5-Year EMI | 10-Year EMI | 15-Year EMI | 20-Year EMI |
|---|---|---|---|---|
| 100,000 | 2,224 | 1,434 | 1,200 | 1,101 |
| 500,000 | 11,122 | 7,173 | 6,001 | 5,505 |
| 1,000,000 | 22,244 | 14,347 | 12,002 | 11,011 |
| 2,000,000 | 44,489 | 28,694 | 24,004 | 22,022 |
| 3,000,000 | 66,733 | 43,041 | 36,005 | 33,033 |
| 5,000,000 | 111,222 | 71,735 | 60,008 | 55,054 |
| 10,000,000 | 222,444 | 143,471 | 120,017 | 110,109 |
A 1,000,000 PKR loan at 12% for 10 years costs ~14,347/month — total interest paid ≈ 721,640 PKR.
Halving the tenure (20y → 10y) roughly doubles the EMI but cuts total interest by ~60%.
Each 1% increase in interest rate raises EMI by ~6–8% on a 20-year loan.
A 10M PKR home loan (common in urban Pakistan) = ~120,000/month EMI for 15 years.
A PKR 1,000,000 home loan at 14% over 10 years gives a monthly EMI of ≈ PKR 15,527.
A $20,000 car loan at 6% over 5 years = monthly EMI $386.66, total interest ≈ $3,200.
A $50,000 student loan at 4.5% over 15 years = monthly payment $382.51.
Comparing 20-year vs 30-year mortgage shows how tenure affects total interest dramatically.
Jump to a ready-made conversion — useful for quick reference and sharing:
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