Loan repayment Calculator Loan amount$Loan amount Interest rate%Interest rate PeriodPeriod CalculateReset Monthly PaymentMonthly Payment Total LoanTotal Loan Formula EMI = ( P × r × (1+r)^{n} ) / ((1+r)^{n} − 1) Total Loan Repayment = Monthly Payment * n EMI = Equated Monthly Installment P = Loan Amount r = Annual Interest rate / 1200 n = Terms/Period