Free tool
Loan EMI Calculator
Work out the equal monthly installment (EMI) for any personal, housing or vehicle loan from a Sri Lankan bank. Enter the amount you want to borrow, the annual interest rate and the repayment period, and the calculator shows your monthly payment and the total interest you will pay over the life of the loan.
EMI calculator
Monthly EMI
LKR 77,633
Total interest
LKR 4,315,986
Total payable
LKR 9,315,986
This is an estimate, not an offer. We are not a bank and do not lend. Approval and final terms are decided by the bank or finance company.
Estimates only. Actual bank EMI may differ due to fees, insurance, and rate changes.
Frequently asked questions
How is a loan EMI calculated?
EMI uses the standard reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r the monthly interest rate and n the number of monthly installments. Most Sri Lankan bank loans are quoted on a reducing balance, which this calculator assumes.
Does a longer loan term lower my cost?
A longer term lowers the monthly installment but increases the total interest paid, because interest accrues for more months. Compare both figures before choosing a term.
Are Sri Lankan loan rates fixed or variable?
Both exist. Many housing loans have a fixed rate for an initial period, then switch to a variable rate linked to AWPLR. If your rate is variable, recalculate the EMI when rates change.
Which bank has the cheapest loan rates in Sri Lanka?
Rates change frequently and vary by product and applicant profile. AnyBanq's loan comparison pages list current rates from over 25 banks and finance companies so you can compare before applying.
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