Calculate your Equated Monthly Instalment with full amortization table, interest breakdown chart, and total cost analysis.
Everything you need to understand your loan before you sign
Donut chart shows principal vs. interest at a glance so you understand your true cost.
Month-by-month breakdown of every payment โ principal, interest, and remaining balance.
Drag sliders to explore different amounts and rates โ see how EMI changes in real time.
Home, car, personal, business, and education loan presets for quick calculation.
Amount, interest rate, and tenure using inputs or sliders.
Hit Calculate to get monthly EMI, total interest, and total payable.
See the principal vs. interest breakdown visually.
Expand the full month-by-month amortization table.
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An EMI (Equated Monthly Instalment) calculator computes your monthly loan payment based on principal amount, interest rate, and loan tenure. It helps you plan finances for home loans, car loans, personal loans, and credit card payments.
Calculate your monthly mortgage payment before applying for a home loan to ensure the EMI fits comfortably within your monthly budget.
Compare EMIs across different loan tenures or banks to find the most affordable financing option for your vehicle purchase.
See the total interest you'll pay over the loan's lifetime โ often a surprising number that helps you decide whether to prepay or choose a shorter tenure.
Calculate how making extra payments reduces your total interest burden and shortens your loan tenure โ essential for smart debt management.
EMI is calculated using the formula: EMI = P ร r ร (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is number of instalments. This tool performs this calculation instantly and also shows you an amortization-style breakdown of interest vs principal across your loan tenure.