Calculate loan EMI and interest
Our EMI (Equated Monthly Installment) Calculator calculates the fixed monthly payment amount borrowers owe to lenders over the tenure of a loan. Utilizing the standard amortization formula $\text{EMI} = \frac{P \times r \times (1+r)^n}{(1+r)^n - 1}$ (where $P$ is principal, $r$ is the monthly interest rate, and $n$ is total months), this tool breaks down the exact division between principal repayment and interest charges. It produces a comprehensive monthly and yearly amortization table, helping borrowers budget for home mortgages, vehicle financing, and personal loans while understanding the long-term impact of loan tenure on total borrowing cost.
Accurate amortization schedule detailing monthly principal and interest portions
Dynamic sliders allow instant adjustments to loan amounts, rates, and tenures
Visual pie chart illustrates the total interest versus principal cost proportion
Supports both monthly and annual loan duration input for international loan standards
Free and private in-browser tool—no credit checks or personal financial data collected
Helps prevent over-borrowing by projecting exact lifetime loan interest liabilities
1. Enter the total loan principal amount you wish to borrow. 2. Input the annual interest rate quoted by your lending institution. 3. Specify the loan duration in either months or years. 4. Review the calculated monthly EMI, total interest payable, and the full month-by-month repayment schedule.
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1 years
1. Enter loan amount (principal)
2. Enter annual interest rate percentage
3. Enter loan tenure in months
4. Click calculate to see your monthly EMI and breakdown