About this EMI Calculator
This EMI Calculator from Hamro Tools helps you understand your loan repayment in a clear and visual way.
Just enter your loan amount, interest rate and tenure to see your monthly EMI, total interest payable
and total amount you will repay over the full tenure.
You can use this calculator for all common loan types in India – home loans, car loans, personal loans,
gold loans, education loans and business loans. It works with Nepali Rupees (Rs) and supports both yearly
and monthly tenures so you can match your bank’s format easily.
The built-in amortization schedule shows how your EMI is split between principal and interest for every
month. This makes it easier to plan part-prepayments, balance transfers or to compare offers from
different banks and NBFCs.
How to Use the EMI Calculator
- Enter Loan Amount (Rs): The total amount you plan to borrow from the bank or lender.
- Enter Interest Rate (p.a. %): The annual interest rate quoted by your lender, for example 8.5% or 12.99%.
- Enter Loan Tenure: Type the tenure in years or months and select the correct tenure type.
- Click “Calculate”: Your monthly EMI, total interest and total repayment will be calculated instantly.
- Scroll Down for Schedule: Check the month-wise amortization schedule and download it as CSV for your records.
The EMI is calculated using the standard formula used by banks:
EMI = [P × r × (1 + r)n] / [(1 + r)n − 1],
where P is the loan amount, r is the monthly interest rate and n is the total number of EMIs.
It assumes a fixed interest rate and equal monthly installments for the full tenure.
Use this tool as a quick planning aid before applying for a loan or finalising your EMI amount.
For exact figures, always refer to your lender’s official loan sanction letter.