Loan EMI Calculator
See your monthly loan payment (EMI), total interest, and a full month-by-month amortization schedule.
Loan EMI Calculator
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🔒 Nothing you enter is sent anywhere or stored. All processing happens in your browser.
Features
Monthly EMI in seconds
Enter the loan amount, interest rate and tenure to see your fixed monthly instalment using the standard reducing-balance formula.
Total interest and cost
See not just the EMI but the total interest you'll pay over the loan and the overall amount repaid.
Full amortization schedule
Open a month-by-month table showing how each payment splits between principal and interest, and the falling balance.
Any currency
Pick your currency so the figures read the way you expect.
Private and instant
All maths runs in your browser — nothing about your loan is uploaded.
How it works — in four simple steps
No signup, nothing to install — it all runs in your browser.
Enter the loan amount
Type the principal you plan to borrow and choose your currency.
Add the rate and tenure
Enter the annual interest rate and the loan term in years.
Read your EMI
See the monthly instalment, total interest and total repayment instantly.
Open the schedule
Show the amortization schedule to see how the balance reduces month by month.
How it works
EMI stands for Equated Monthly Instalment — the fixed amount you pay each month on a loan until it's fully repaid. This calculator uses the standard reducing-balance formula: EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments.
Although your monthly payment stays constant, its split changes over time. Early payments are mostly interest because the outstanding balance is high; as the balance falls, more of each payment goes to principal. The amortization schedule makes this visible, showing exactly how much of every instalment reduces your debt versus how much is interest, along with the running balance.
Use it to compare loan offers, understand how tenure affects total interest (a longer term lowers the monthly payment but raises the total interest paid), and choose a currency that matches your loan. This is an estimate — real loans may include fees, insurance, or rate changes not modelled here.
Examples
When to use it
Compare loan offers
Check how a lower rate or shorter tenure changes your EMI and total interest before you commit.
Budget a purchase
See whether a home, car or personal loan instalment fits comfortably in your monthly budget.
Plan a prepayment
Use the schedule to understand how much of each early payment goes to principal.
Sanity-check a lender's number
Verify the EMI a bank quotes matches the standard formula.
Tips for the best results
- Rate is annual. Enter the yearly interest rate — the tool converts it to a monthly rate internally.
- Shorter tenure, less interest. A shorter term raises the EMI but cuts the total interest sharply; compare a few tenures.
- EMI is only part of the cost. Processing fees, insurance and taxes sit on top of the instalment this tool shows.