Loan EMI Calculator
Calculate monthly EMI, total interest, and view detailed amortization schedule for home loans, car loans, personal loans, and more.
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Loan Details
EMI Results
Comprehensive EMI Calculator Features
Everything you need to calculate and analyze loan EMIs with detailed insights.
Instant EMI Calculation
Calculate monthly EMI instantly with our advanced algorithm. Get accurate results in seconds for any loan amount, interest rate, and tenure.
Detailed Amortization Schedule
View complete payment breakdown with principal and interest components for each month. Track your loan progress over time.
Multiple Loan Types
Supports all types of loans including home loans, car loans, personal loans, education loans, and business loans.
Comparison Tools
Compare different loan scenarios side-by-side. Analyze impact of varying interest rates, tenures, and loan amounts.
Prepayment Analysis
Calculate savings from prepayments and partial payments. See how extra payments reduce your total interest burden.
Export & Share
Download amortization schedule as PDF or Excel. Share calculations with family, friends, or financial advisors.
How to Use
Simple 6-step process
Step 1
Input your loan amount, annual interest rate, and loan tenure in years or months.
Step 2
Choose your loan type (home, car, personal, etc.) for customized calculations and relevant insights.
Step 3
Instantly see your monthly EMI, total interest payable, and total amount to be paid over the loan tenure.
Step 4
Review the detailed payment schedule showing principal and interest breakdown for each month.
Step 5
Use the comparison tool to analyze different loan options and choose the best one for your needs.
Step 6
Export your calculation results and amortization schedule for future reference or sharing.
Frequently Asked Questions
Everything you need to know about our process, pricing, and technical capabilities.
See Full FAQEMI (Equated Monthly Installment) is the fixed amount you pay every month to repay your loan. It's calculated using the formula: EMI = [P × R × (1+R)^N] / [(1+R)^N-1], where P is principal, R is monthly interest rate, and N is number of months.
Our EMI calculator uses the standard mathematical formula used by banks and financial institutions. The results are highly accurate for standard loans. However, actual EMI may vary slightly due to processing fees, insurance, or other charges.
Yes, our calculator works for all types of loans including home loans, car loans, personal loans, education loans, and business loans. The calculation method remains the same regardless of loan type.
An amortization schedule is a detailed table showing each monthly payment breakdown into principal and interest components. It helps you understand how much of your EMI goes toward reducing the loan balance versus paying interest.
Prepayments reduce your outstanding principal, which decreases the interest calculated on the remaining balance. This can significantly reduce your total interest outgo and loan tenure, saving you money in the long run.
Shorter tenure means higher EMI but lower total interest. Longer tenure means lower EMI but higher total interest. Choose based on your monthly budget and financial goals. Use our comparison tool to analyze different scenarios.
Three main factors affect EMI: loan amount (higher amount = higher EMI), interest rate (higher rate = higher EMI), and tenure (longer tenure = lower EMI). Credit score, loan type, and lender policies also influence the interest rate offered.
This calculator assumes a fixed interest rate throughout the loan tenure. For floating rate loans, you can calculate EMI based on the current rate, but remember that EMI may change when interest rates fluctuate.
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