🏠 Loan EMI Calculator
Calculate your monthly loan payments, total interest, and payment schedule. Compare different loan options and export detailed amortization tables.
Loan Details
EMI Summary
Monthly EMI
₹0
Total Interest
₹0
Total Amount
₹0
Interest Percentage
0%
Payment Schedule
| Year | Opening Balance | EMI Payment | Interest | Principal | Closing Balance |
|---|
Loan Comparison
Compare this loan with different interest rates and tenures to find the best option.
How EMI Calculation Works
EMI Formula
EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ - 1)
Principal & Interest
Early payments have higher interest, later payments reduce principal faster
Total Cost
Total amount = EMI × number of payments. Interest is total minus principal
Prepayment Benefits
Extra payments toward principal reduce total interest significantly