About the Loan EMI Calculator
Work out the exact monthly payment (EMI) for any loan from amount, interest rate and term. See total interest paid, total repayment, and a year-by-year amortization breakdown.
Compare scenarios in seconds — change the rate or term and watch the payment update instantly.
How to use the Loan EMI Calculator
- Enter loan amount, annual interest rate and term.
- Read the monthly EMI, total interest and total payment.
- Expand the amortization table to see the yearly principal/interest split.
Common uses
Planning mortgage or car loan payments
Comparing loan offers
Understanding interest cost over the full term
Frequently asked questions
What is EMI?
Equated Monthly Installment — the fixed monthly payment covering both interest and principal so the loan is repaid exactly by the end of the term.
What formula is used?
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is principal, r monthly rate, n number of months.
Why is early-loan interest so high?
Interest accrues on the outstanding balance, which is largest at the start — the amortization table makes this visible.
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