Singapore Loan EMI Calculator
Calculate your monthly loan installment (EMI), total interest and total payment for housing, car or personal loans in Singapore.
Loan type is for your own reference – the EMI formula is the same for all loans.
How this Singapore loan EMI calculator works?
This EMI calculator uses the standard annuity formula that almost all banks use for fixed-rate installment loans.
- P = loan amount
- r = monthly interest rate (annual rate ÷ 12 ÷ 100)
- n = total number of months (years × 12)
The EMI formula is:
- EMI = P × r / (1 − (1 + r)−n)
How to use the Singapore EMI calculator?
- Enter the loan amount in Singapore dollars.
- Type the annual interest rate (for example 3.5 for 3.5%).
- Enter the loan tenure in years, such as 25 for a housing loan.
- Click Calculate EMI to see your monthly installment, total payment and total interest.
Tips before you take a loan in Singapore
- Keep your total monthly EMI below 30–40% of your net salary.
- Compare rates from different banks and HDB/finance companies.
- Check for lock-in periods, early repayment penalties and admin fees.
- Try shorter tenures if you can handle higher EMI to reduce overall interest.
How this Singapore Loan EMI Calculator works? (2026 Updated)
This EMI calculator uses the standard annuity loan formula used by all banks in Singapore for fixed-rate loans, including:
HDB Housing Loans
Bank Home Loans
Car Loans
Personal Loans
Renovation Loans
The EMI formula uses:
P = loan amount
r = monthly interest rate
(annual rate ÷ 12 ÷ 100)n = total number of months
(tenure years × 12)
EMI formula:
EMI = P × r / (1 − (1 + r)^−n)
This formula automatically calculates:
Monthly installment
Total interest paid
Total repayment amount
How to use the Singapore EMI calculator?
Enter the loan amount in Singapore dollars (SGD).
Type the annual interest rate, such as 3.5% for a housing loan.
Enter the loan tenure in years, e.g., 25 years for an HDB loan.
Select your loan type (Housing, Car, Personal).
Click Calculate EMI to get:
Monthly installment
Total repayment
Total interest payable
Works for all fixed-rate installment loans in Singapore.
Typical interest rates in Singapore (2026)
(Use this as a guide only — banks vary)
| Loan Type | Typical Interest Rate |
|---|---|
| HDB Housing Loan | 2.6% |
| Bank Housing Loan | 3.2%–4.5% |
| Car Loan (Hire Purchase) | 2.8%–4.0% |
| Personal Loan | 6%–14% |
| Renovation Loan | 3.8%–6% |
Tips before taking a loan in Singapore (2026)
Keep monthly EMI below 30–40% of your net salary to avoid TDSR issues.
Compare interest rates from different banks, HDB, and finance companies.
Check for lock-in periods, admin fees, and early repayment penalties.
Choose shorter tenures if you can afford higher EMI — total interest becomes much lower.
Always check if the loan is fixed interest or floating interest.
For car loans, compare flat rate vs effective interest rate (EIR).
Avoid stretching personal loans to long tenures — interest becomes very high.