EMI Calculator

Calculate your monthly EMI, total interest and total payment for home, car or personal loans, with a year-wise amortization schedule.

Enter Your Loan Details

Currency

Loan Amount

Annual Interest Rate (%)

Tenure (Years)

How It Works

EMI (Equated Monthly Installment) is the fixed amount you pay each month. It covers both the principal and the interest due on the outstanding balance.

Formula used:

EMI = P x i x (1+i)^n / ((1+i)^n - 1)

Where:

P = loan amount, i = monthly rate (annual / 12), n = total months (years x 12).

The amortization table groups each year of the schedule, showing principal repaid, interest paid and the remaining balance. This is an estimate only.

Frequently Asked Questions (FAQ)

The EMI Calculator provides precise mathematical estimates based on standard financial compounding, amortisation, or tax formulas.

No! All calculations execute 100% locally in your web browser. No financial figures leave your device.

These outputs are estimates for financial planning. For official filings, consult a certified financial planner or tax professional.

Disclaimer Notice

Disclaimer: The results from this EMI Calculator are for estimation and informational purposes only. Actual interest rates, loan approvals, tax liabilities, or investment returns may vary depending on bank policies, market conditions, and government regulations.

EMI Calculator

Enter Your Loan Details

Your Loan Summary

Amortization Schedule (Year-wise)

Disclaimer Notice