EMI Calculator
Monthly loan EMI, total interest and full schedule. Free, no sign-up.
■ Principal ■ Interest
Year-by-year schedule
About EMI Calculator
EMI Calculator shows the monthly instalment for a loan from the amount, interest rate and tenure. It also shows total interest and how each year’s payments split between principal and interest.
How to use EMI Calculator
- Enter the loan amount.
- Enter the yearly interest rate and the tenure.
- See the EMI, totals and the schedule.
Frequently asked questions
What formula does the EMI calculator use?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly rate and n is the number of months.
How can I lower my EMI?
A longer tenure lowers the EMI but increases total interest. A larger down payment lowers both.
Does it include processing fees?
No. Lenders charge fees and insurance separately. Ask your lender for the full cost.
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