Loan & EMI Calculator
Plan repayments with a fast, private mortgage and loan EMI calculator. Enter amount, annual rate, and tenure — get monthly EMI, total interest, and a clear year-by-year schedule.
Loan details
All calculations run in your browser; nothing is sent to our servers.
Switch between years and months; the calculator converts to monthly installments automatically.
Year-by-year amortization
| Year | Principal paid | Interest paid | Balance |
|---|
How loan EMI calculation works
An EMI (Equated Monthly Installment) keeps your payment fixed each month while the split between principal and interest changes over time. Early in the loan, a larger share goes to interest; later payments chip away more principal. Our loan calculator uses the standard reducing-balance formula used by most banks for home loans, car loans, and personal loans, so you can compare scenarios before you borrow.
EMI formula (monthly rest)
With principal P, monthly rate r (annual rate ÷ 12 ÷ 100), and number of months n, EMI is: EMI = P × r × (1+r)n / ((1+r)n − 1). This is the same math behind popular search terms like mortgage calculator, home loan calculator, and car loan calculator — only the labels change; the repayment structure is identical for fixed-rate, fully amortizing loans.
Why use an online loan EMI calculator?
A loan EMI calculator online helps you see total interest, affordability, and how tenure affects cost — instantly and privately. Use the year-by-year table to understand how much principal you will have paid after each year, which is useful for planning prepayments or refinancing. Remember: actual lender fees, variable rates, and rounding may differ slightly; always confirm figures with your bank or broker.