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EMI Calculator

Calculate your monthly loan EMI, total interest, and payment schedule.

Monthly EMI
₹20,517
₹10,00,000
Principal
₹2,30,992
Total Interest
₹12,30,992
Total Payment
Principal (81%)Interest (19%)

About EMI Calculator

Free EMI (Equated Monthly Installment) calculator for home loans, car loans, personal loans, and education loans. Enter your loan amount, interest rate, and tenure to see your monthly EMI, total interest payable, and total payment amount. View a detailed month-by-month amortization schedule showing principal and interest breakdown. Compare different loan scenarios to find the most affordable option.

Frequently Asked Questions

How is EMI calculated?
EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the principal loan amount, r is the monthly interest rate, and n is the number of monthly installments. The tool does all the math for you automatically.
Can I see a month-by-month amortization schedule?
Yes. The tool generates a detailed amortization table showing the principal and interest components of each monthly payment, along with the remaining balance after each installment.
What types of loans does this EMI calculator support?
The calculator works for any fixed-rate loan including home loans, car loans, personal loans, education loans, and business loans. Simply enter your loan amount, annual interest rate, and tenure in months or years.