EMI
No signupEMI Calculator
Quick monthly EMI, with a visual principal-vs-interest split of your total repayment.
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Loan Calculator
Full loan EMI with a year-by-year amortization schedule showing principal vs interest paid.
About this calculator
Enter a loan amount, interest rate, and tenure to get the monthly EMI plus a complete year-by-year breakdown of how much of each payment goes to principal vs interest, and what balance remains.
Good to know
Frequently asked questions
How is EMI calculated?
Using the standard reducing-balance formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is principal, r is the monthly interest rate, and n is the number of monthly installments.
Why does more of my EMI go to interest early on?
Interest is charged on the outstanding balance, which is highest at the start. As principal gets paid down, the interest portion of each EMI shrinks and the principal portion grows - even though the EMI itself stays flat.
Does this account for prepayment or rate changes?
No - it assumes a fixed rate and no prepayments for the full tenure, which is the standard baseline for comparing loan offers.
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"runs_in_browser": true,
"data_sent_to_server": false,
"signup_required": false,
"price": "free",
"category": "Loans & EMI"
}
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