Finance & Math
EMI Calculator.
Calculate monthly home loan, car loan, or personal loan EMIs. Get a complete amortization breakdown and principal vs interest split.
Loan Parameters
$
$10k$2M
%
1%25%
Yr
1 Yr30 Yr
MONTHLY EMI--
Principal: --
Interest: --
TOTAL INTEREST--
TOTAL AMOUNT--
Amortization Schedule (Yearly)
| YEAR | PRINCIPAL PAID | INTEREST PAID | TOTAL PAYMENT | BALANCE REMAINING |
|---|
How to use the EMI Calculator
- Enter the loan amount (Principal) you wish to borrow.
- Enter the annual interest rate charged by the bank.
- Enter the loan tenure (in years or months).
- Analyze the calculated EMI, total interest, and browse the amortization table.
Frequently Asked Questions
EMI stands for Equated Monthly Installment. It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
The interest is calculated using the reducing balance method where interest is computed on the outstanding principal balance at the end of each month.