Calculate your loan EMI, principal, interest, total payment, and amortization schedule.
A Loan EMI Calculator helps you determine your monthly loan repayment amount. Whether it's a home loan, personal loan, or car loan, it calculates your EMI based on loan amount, interest rate, and tenure. Our tool also provides an amortization schedule for detailed monthly breakdowns.
We use the standard formula:
EMI = [P × r × (1+r)n] / [(1+r)n – 1]
Where:
This schedule breaks your EMI into principal and interest portions month-by-month. It shows how much of your EMI reduces the loan and how much goes toward interest, along with the outstanding balance.
EMI stands for Equated Monthly Installment — a fixed monthly payment made by a borrower to repay a loan.
Yes, EMI remains constant, but the principal and interest portions vary every month.
You can lower your EMI by opting for a longer tenure, negotiating a lower interest rate, or making partial prepayments.
Absolutely! This calculator is designed for all fixed-rate loans.
Yes! It’s 100% free to use and doesn’t require any registration.
Understanding your EMI is essential for smart borrowing and financial planning. Use our Advanced Loan EMI Calculator to get detailed insights into your loan repayment journey and make confident decisions today!