Pakistan Finance Calculators

Loans

EMI / Loan Calculator

Work out your monthly loan instalment (EMI), total interest, and total payment for a reducing-balance loan in Pakistan. Enter the loan amount, annual interest rate, and tenure to see the full amortisation schedule. Fees, insurance, and processing charges are not included.

Reducing balance only. No flat-rate mode.

Enter the principal amount you want to borrow.

Nominal annual rate. The calculator converts it to a monthly rate. Zero is allowed — see below.

Loan tenure

Enter whole years and months. Total months are shown below.

Total: —

Your result

Enter your details to see your result.

You'll see your monthly EMI, total interest, and total payment.

Calculate first to copy or print your result.

Fees, insurance, and processing charges are not included. Estimates only — not financial advice. Read the full disclaimer.

How it works

  1. Enter the loan amount, the nominal annual interest rate, and the tenure in whole years and months. Total months are shown below the tenure fields.
  2. The monthly rate is the annual rate divided by 100 and by 12. For example, an annual rate of 18% gives a monthly rate of 1.50% (0.015).
  3. The EMI is worked out with the reducing-balance formula, and the schedule charges interest each month on the opening balance. The final instalment is adjusted for rounding so the schedule adds up to the total payment and the closing balance is zero.

Formula: EMI = P × R × (1+R)^N / ((1+R)^N − 1), where P is the loan amount, R is the monthly rate, and N is the number of months. If the rate is 0, EMI = P ÷ N.

Worked example

For example, a loan of Rs 1,000,000.00 at 18% per year for 24 months gives a monthly EMI of Rs 49,924.10. This example uses fixed example inputs; enter your own figures above to calculate your loan.

Frequently asked questions

How is EMI calculated?

With the reducing-balance formula: EMI = P × R × (1+R)^N / ((1+R)^N − 1), where P is the loan amount, R is the monthly rate (annual rate divided by 100 and by 12), and N is the number of months. If the rate is 0, EMI is the loan amount divided by the number of months.

What is a reducing-balance loan?

A loan where interest each month is calculated on the remaining balance, so the interest portion falls and the principal portion rises over the tenure. This calculator uses reducing balance only; there is no flat-rate mode.

What happens if the interest rate is 0?

The EMI is the loan amount divided by the number of months, total interest is zero, and the schedule still shows each month, with the final instalment adjusted for rounding.

Does the schedule include the final adjusted instalment?

Yes. The final instalment is adjusted so the schedule adds up to the total payment and the closing balance is zero. When the final instalment differs from the headline EMI, it is marked in the schedule.

Can I change the rate or tenure to compare loans?

Change the rate or tenure inputs and the results update live. This page does not save loans or compare them side by side.

Important — please read

Results are estimates for information only and are not financial advice. This calculator uses the reducing-balance method only, and fees, insurance, and processing charges are not included. The interest rate is the figure you enter — this site does not quote or verify loan rates. Confirm the terms with a qualified professional or your lender before borrowing. Calculations run in your browser; nothing you enter is stored or sent to a server.

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