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EMI Calculator — Loan Payment & Amortisation

Calculate monthly loan EMI, total interest and full payment schedule

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Features

  • Amortization schedule
  • Interest vs principal
  • Yearly breakdown
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This tool runs on your device — your files and inputs never go anywhere.

How to Use EMI Calculator

Calculate monthly loan EMI, total interest and full payment schedule No signup, and nothing gets uploaded for most use.

  1. 1

    Enter the loan amount you want to borrow (for example 5,00,000).

  2. 2

    Type the annual interest rate (for example 8.5%) and the tenure in months (for example 60).

  3. 3

    Your monthly EMI, total interest payable and total payment appear instantly as you type.

  4. 4

    Scroll to the schedule below to see the month-by-month interest-versus-principal breakdown and prepayment scenarios.

Why you might like it

  • Nothing to upload — the work happens on your device.
  • Free with no signup, no watermarks, and no daily limits.
  • Works in any modern browser on any device — nothing to install.
  • Usually done in a few seconds, so it doesn't get in your way.
Try EMI

Frequently Asked Questions

What is EMI?▾

EMI (Equated Monthly Installment) is the fixed monthly amount you repay a lender, made up of principal and interest portions. It is identical every month over the loan tenure.

How does a down payment change my EMI?▾

The EMI is calculated only on the financed amount, so a larger down payment lowers your EMI and total interest. The total cost still includes the down payment itself plus any processing fee.

How is EMI calculated?▾

Using the formula EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1). P is the financed principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly installments.

How do prepayments help?▾

A lump-sum prepayment or a larger monthly payment goes straight to the principal, so it stops accruing interest immediately. This shortens the loan tenure and reduces the total interest paid, while keeping the regular EMI the same.

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