Loan Interest Rate Calculator
Find the real annual interest rate of a loan from the amount you receive, the EMI and the number of months.
Annual interest rate (reducing)
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Total interest—
Total repayment—
How to use the Loan Interest Rate calculator
- Enter amount you actually receive, eMI and number of EMIs.
- Read the annual interest rate (reducing) at the top of the result, with total interest, total repayment underneath. It updates as you type.
- Change one input at a time to see what moves the answer most, then save the result with Copy link or Download PDF.
About this tool
Useful when an app or shop tells you only the EMI. Enter the cash you actually receive (after any fee) to get the true reducing-balance rate.
Worked example
With amount you actually receive of ₹1,00,000, emi of ₹9,000 and number of emis of 12:
| Annual interest rate (reducing) | 14.45% |
| Total interest | ₹8,000 |
| Total repayment | ₹1,08,000 |
Built and reviewed by Savitar Finance (savitarfinance@gmail.com). Rules and rates last checked October 2026. How we calculate · Report a problem
Questions people ask
How do I find the interest rate from an EMI?
There is no direct formula; the rate is solved numerically so that the EMI formula matches your numbers. This calculator does that for you.
Why use the amount I receive rather than the loan amount?
If a fee is deducted upfront, you are paying interest on money you never got, so the real rate is higher.