EMI Calculator
Calculate your monthly loan EMI, total interest and full amortization schedule for home, car or personal loans.
Plan your loan repayments
An EMI (equated monthly instalment) is the fixed amount you pay every month until a loan is repaid. Each payment covers that month's interest, and the rest reduces what you owe.
How to use
- Choose your currency and enter the loan amount.
- Enter the yearly interest rate offered by your lender.
- Set the tenure in years or months.
- See your monthly EMI, total interest and total amount payable.
Reading the results
- The bar shows how much of everything you pay is interest.
- The yearly chart shows interest shrinking and principal growing over time — hover a bar for details.
- Open the amortization schedule for exact yearly figures, or download the full monthly schedule as CSV.
Formula
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r the monthly interest rate and n the number of months. Actual EMIs may differ slightly due to fees and lender rounding.