Enter your loan amount, interest rate, and tenure to see your monthly EMI, total interest, total payable, and a year-by-year repayment summary. Free and instant.
Enter the loan terms.
Updates live as you type.
An Equated Monthly Instalment (EMI) is the fixed amount you repay each month over the life of a loan. Before taking on business finance — whether for working capital, equipment, or expansion — it pays to know exactly what the monthly commitment and total cost will be.
The headline interest rate only tells part of the story. A lower EMI over a longer tenure can mean paying far more interest overall. This calculator surfaces all three numbers so you can compare offers on a like-for-like basis.
Once a loan is live, the interest and principal portions need to flow into your accounts. Pyalm Books helps you record and report on financing cleanly alongside the rest of your business.
EMI uses the formula P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments. This calculator applies it for you.
Total payable is your EMI multiplied by the number of months — it equals the principal plus all interest charged over the loan term. The calculator shows both the total interest and the total payable.
Yes — spreading the loan over more months lowers each monthly payment, but it increases the total interest you pay over the life of the loan. Try different tenures above to see the trade-off.
Yes. The EMI maths is the same regardless of currency — just read the results in your own currency. It works for business loans, working-capital finance, and equipment loans.