EMI Calculator
Monthly loan EMI, total interest and full amortization view. Free, private, no sign-up โ runs in your browser.
EMI Calculator
Calculate the monthly EMI for any home, car or personal loan from amount, interest rate and tenure โ with total interest payable and a year-by-year amortization breakdown.
About this EMI Calculator
EMI uses the standard reducing-balance formula: EMI = Pยทiยท(1+i)โฟ โ ((1+i)โฟโ1), where i is the monthly rate and n the number of months โ the same formula banks use. Early in the loan most of each payment is interest; the amortization table shows how the balance shifts toward principal each year.
Frequently asked questions
Why is the total interest so high on long loans?
Does a shorter tenure always save money?
Is this the same as a flat-rate loan?
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