Loan EMI Calculator Pakistan – Monthly Installment
Calculate the monthly installment, total interest and total payment of a car, home or personal loan.
Year by year
| Year | Principal paid | Interest paid | Balance left |
|---|
Frequently asked questions
How is the monthly installment (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.
Does a longer loan period reduce my installment? +
Yes, a longer period lowers the monthly installment, but you pay more interest in total. The calculator shows both so you can compare.
Is this the exact amount my bank will charge? +
It is an estimate. Banks may add processing fees, insurance or use a floating rate linked to KIBOR, so confirm the final figures with your bank.
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