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Loan EMI Calculator

Calculate monthly EMI (Equated Monthly Installment) for any loan — home, car, personal, or business. Shows total payment, total interest paid, and a full amortization schedule with principal and interest breakdown for every month. No signup required.

$2027.64

Monthly EMI

$121658.37

Total Payment

$21658.37

Total Interest

Frequently Asked Questions

What does EMI stand for?▼
Equated Monthly Installment — the fixed monthly payment amount for a loan that includes both principal repayment and interest charges, distributed equally across the loan tenure.
How is EMI calculated?▼
EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly installments.
Does it show the amortization schedule?▼
Yes. A full month-by-month schedule shows the opening balance, EMI amount, interest portion, principal portion, and closing balance for every payment period.
What types of loans can I calculate?▼
Any fixed-rate loan — home mortgage, car loan, personal loan, student loan, business loan. Enter the principal amount, annual interest rate, and tenure in months.
How does a higher down payment affect my EMI?▼
A larger down payment reduces the loan principal, which directly reduces both the monthly EMI and the total interest paid over the loan life.