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Home › Calculator Tools › Loan EMI Calculator
Calculate your monthly EMI for any loan — principal, interest rate, and tenure — with a full amortisation schedule showing how much of each payment is interest vs. principal.
Loan EMI calculator · monthly payment · total interest · amortization schedule · instant results
Input the loan amount (principal), annual interest rate, and loan tenure in months or years.
The monthly EMI is calculated instantly using the standard reducing-balance formula. Total interest payable and total repayment amount are also displayed.
See month-by-month breakdown of each EMI: how much reduces the principal, how much goes to interest, and the outstanding balance after each payment.
EMI (Equated Monthly Instalment) is calculated using the formula: EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1), where P is the principal loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments. This is the standard reducing-balance calculation used by banks and NBFCs.
An amortisation schedule is a table that shows every payment over the loan tenure, broken down into the principal component and interest component. Early in the loan, a larger share of each payment goes to interest; later, more goes to reducing principal. The schedule lets you see exactly how the outstanding balance decreases over time.
Prepaying (paying extra above the EMI) reduces the outstanding principal, which reduces total interest paid over the loan life. Some loans have prepayment penalties — check your loan agreement. This calculator shows the standard scheduled repayment; for prepayment scenarios, adjust the principal and recalculate from the current outstanding balance.
No. All calculations run in your browser. Loan details are never transmitted to any server.
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Understanding what a loan actually costs over its lifetime — not just the monthly payment — is essential before committing to any borrowing. This EMI calculator gives you the full picture: monthly payment, total interest paid, total repayment amount, and a month-by-month amortisation schedule. The schedule is particularly revealing — it shows how much of each early payment goes to the lender as interest rather than reducing your outstanding balance, and how that ratio shifts over the loan life. Use it to compare loans with different tenures, evaluate the cost of a longer repayment period, and plan your monthly cash flow around a new financial commitment.
All calculations run in your browser. Loan details are never transmitted to any server.