EMI
No signupEMI Calculator
Quick monthly EMI, with a visual principal-vs-interest split of your total repayment.
Open toolEMI
Loan Calculator
Full loan EMI with a year-by-year amortization schedule showing principal vs interest paid.
How to use it
Enter principal, annual interest rate and tenure; review the repayment totals and schedule.
When it helps
Compare borrowing scenarios with the same repayment period.
Worked example
At zero interest, 120,000 repaid over 12 months requires 10,000 per month.
Assumptions and privacy
Calculations run in your browser. Results are estimates based on your inputs and the model shown, with rounding differences possible. They do not replace a lender quote, payroll review, tax filing or professional advice. Confirm rates and rules for your situation before using the result.
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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"signup_required": false,
"price": "free",
"category": "Loans & EMI"
}
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