Loan EMI Calculator
Enter the loan amount, the yearly interest rate and the term. You get your monthly installment, the total interest and how much of the loan you repay each year. It works in any currency: riyals, rupees, pesos or dollars.
How is EMI calculated?
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the monthly interest rate (yearly rate ÷ 12 ÷ 100) and n is the number of months. With a reducing balance, interest is charged only on what you still owe, so each installment pays a little more principal than the one before.
Example: a loan of 100,000 at 10% a year for 5 years has an EMI of about 2,124.70 a month. You repay 127,482 in total, of which 27,482 is interest.
Saudi banks often quote a flat rate instead, which looks lower but costs more. For Saudi personal finance quotes, use the Arabic flat-rate calculator.
Frequently asked questions
What is EMI?
How can I reduce my EMI?
What is the difference between a flat rate and a reducing rate?
Results are estimates for guidance and do not replace the official authority or professional advice.