Loan / EMI Calculator
Calculate monthly EMI, total interest & payments
About Loan / EMI Calculator
Calculate your monthly loan EMI, total interest payable, and complete amortization schedule. Supports home loans, car loans, personal loans and more.
How to Use
- 1Enter the loan amount
- 2Set the annual interest rate
- 3Choose the loan duration in years
- 4View EMI, total interest, and amortization table
Frequently Asked Questions
What is EMI?
EMI stands for Equated Monthly Installment – the fixed payment you make each month to repay your loan.
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is number of months.
Does this include an amortization table?
Yes, the calculator shows a full amortization schedule breaking down principal and interest for each month.