EMI Calculator
Calculate your monthly EMI for home, car or personal loans with amortization schedule.
How to Use EMI Calculator
- 1
Enter the loan amount (principal) in the first field.
- 2
Enter the annual interest rate offered by your bank.
- 3
Enter the loan tenure in years or months.
- 4
Your monthly EMI is calculated instantly.
- 5
View the total interest, total payment, and the month-by-month amortization table.
About EMI Calculator
Our EMI Calculator helps you plan your loan repayments accurately before you commit to any loan. Enter the principal amount, annual interest rate, and loan tenure — instantly get your monthly EMI, total interest payable, and total amount payable. The tool also generates a complete month-by-month amortization schedule showing how much of each EMI goes toward principal vs. interest.
EMI (Equated Monthly Installment) is the fixed payment made to a lender each month for a specified number of months until the loan is fully paid off. Understanding your EMI breakdown helps you make informed financial decisions, compare loan offers, and plan your monthly budget.
This calculator works for all loan types: home loans, car loans, personal loans, education loans, and business loans. The formula used is the standard banking formula: EMI = [P × R × (1+R)^N] / [(1+R)^N - 1] where P = Principal, R = Monthly interest rate, N = Number of months.