EMI Calculator
Calculate your monthly loan EMI, total interest and full repayment schedule for Home, Car, Personal or Education loans — instantly.
📅 Full Amortization Schedule (Year-wise)
▾| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|
⚖️ Compare EMI Across Tenures
▾🚀 Prepayment / Part-Payment Impact
▾See how much interest you save and how many months earlier you close your loan if you make one extra lump-sum payment.
How Does an EMI Calculator Work?
An EMI (Equated Monthly Installment) is the fixed amount you repay every month towards your home loan, car loan, personal loan or education loan until the debt is fully paid off. Each EMI includes two parts — a portion that goes towards repaying the principal and a portion that covers the interest charged by the lender. In the early years of a loan, the interest component is higher; as the tenure progresses, more of your EMI goes towards the principal.
EMI Formula Used
Where P is the principal loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the total number of monthly installments (loan tenure in months).
Why Use This Free EMI Calculator?
- Instantly calculates EMI for home loans, car loans, personal loans and education loans
- Interactive sliders — no need to type, just drag and see results update live
- Visual pie/donut chart showing the principal vs interest split
- Full year-wise amortization / repayment schedule
- Compare EMIs across different loan tenures side-by-side
- Prepayment calculator to check how much interest you can save
- 100% free, works on mobile, no login or app download required
