EMI Calculator - Home, Car & Personal Loan EMI Calculator
Calculate monthly loan EMI, total interest payable, and full amortization schedule
EMI Calculator (Home, Car & Personal Loan)
Calculate your monthly Equated Monthly Installment (EMI), total interest payable, and full loan amortization schedule.
₹
₹50K
₹50L
₹1 Cr+
%
1%
8.5% (Repo linked)
25%
Years
1 Yr
15 Yrs
30 Yrs
Monthly EMI
₹21,696
Total Interest
₹27,07,040
Total Payment
₹52,07,040
Interest / Loan
52.0%
Principal: 48.0%
Interest: 52.0%
Loan Amortization Schedule (Year-by-Year)
| Year | Opening Balance | Principal Paid | Interest Paid | Total Payment | Closing Balance |
|---|
What is an EMI Calculator?
An Equated Monthly Installment (EMI) calculator is a financial tool that computes the exact monthly repayment amount a borrower must pay a bank or financial institution towards an outstanding loan until the principal and accumulated interest are fully satisfied.
EMI Calculation Formula
The formula to compute standard monthly EMI is:
EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n - 1]
- P: Loan Principal amount borrowed.
- r: Monthly interest rate (Annual rate ÷ 12 ÷ 100).
- n: Loan tenure in months (Years × 12).
Benefits of Using Our Loan EMI Tool
- Instant Loan Type Presets: Quickly toggle between Home Loan (8.5%), Car Loan (9.5%), and Personal Loan (12.5%) standard rates.
- Principal vs Interest Split: Clear donut chart displaying the exact proportion of total interest versus original principal.
- Full Amortization Schedule: View opening balance, annual principal reduction, annual interest paid, and closing balances for each year.
- 1-Click CSV & PDF Export: Download your personalized loan schedule for tax planning or bank negotiations.