Loan EMI Calculator
EMI for personal, car, home loans + Diminishing Musharaka math for halal financing.
About the Loan EMI Calculator
Calculate Equated Monthly Installment for personal, car, home, business or education loans using the standard reducing-balance method. Built for Pakistani borrowers modelling HBL, MCB, UBL, Bank Alfalah, Meezan, Faysal Islamic, Standard Chartered Pakistan and HBFC offerings. The same math also covers halal financing structures, Diminishing Musharaka home loans and Ijara auto leases, where monthly payments follow the same pattern even though the contract avoids riba.
Loan EMI Calculator
Currency:
How to use the Loan EMI Calculator
- Loan Amount: enter the total sum you wish to borrow (PKR, INR, USD or any currency).
- Annual Interest Rate or Profit Rate: input the rate from your lender. Pakistani banks currently quote 18 to 28 percent for personal loans, 12 to 20 percent for home loans depending on KIBOR.
- Tenure: specify the duration in months (5 years = 60 months, 20-year home loan = 240 months).
- Instant Calculation: see your Monthly EMI, Total Interest or Profit Payable, and Total Amount you will repay.
- Compare Scenarios: adjust rate or tenure to see how it affects your monthly budget and total cost.
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