Loan EMI Calculator
Calculate monthly EMI, total interest and repayment schedule.
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Enter loan amount, interest rate, and tenure to calculate EMI
Calculate your monthly loan EMI (Equated Monthly Instalment), total repayment, and total interest paid. Includes a full amortization schedule showing the principal and interest breakdown for every payment.
Key Features
EMI formula
Uses the standard reducing balance EMI formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n is the number of months.
SVG donut chart
A donut chart visualises the split between total principal and total interest over the life of the loan.
Amortization schedule
A full month-by-month table shows EMI, interest paid, principal repaid, and remaining balance for every month. Shows 12 rows by default with a toggle to expand.
Months or years
Enter your loan tenure in months or years. The toggle converts automatically so you can use whichever you know.
How to Use
- 1Enter the loan amount (principal).
- 2Enter the annual interest rate.
- 3Enter the loan tenure and choose months or years.
- 4Read the monthly EMI, total repayment, and total interest from the summary cards.
- 5Scroll down to explore the amortization table.