Calculators

EMI Calculator – Calculate Loan EMI, Interest & Amortization Online

Calculate Equated Monthly Installment (EMI), total interest payable, and loan amortization schedule.

Loading interactive EMI Calculator...

Fast, secure & processed 100% locally in your browser

About This EMI Calculator

This EMI calculator helps you work out the Equated Monthly Instalment on a loan so you can plan your budget before you sign on the dotted line. Enter the loan amount, the annual interest rate and the tenure, and the tool instantly shows you the monthly EMI, the total interest you will pay over the life of the loan, and the total repayment amount. It supports home loans, car loans, personal loans, education loans, business loans and gold loans, and it includes a detailed amortization schedule showing how much of each instalment goes toward the principal and how much toward interest.

The calculator also lets you model monthly prepayments to see how much interest you can save by paying a little extra each month. Everything is calculated in your browser using the standard reducing-balance EMI formula, and you can compare multiple scenarios side by side, export the amortization schedule as CSV, or copy the summary to share with family or a financial advisor.

How to Use the EMI Calculator

Pick a loan type preset (Home, Car, Personal, etc.) — this pre-fills typical rates and tenures, which you can then edit.
Enter the loan amount you plan to borrow.
Enter the annual interest rate quoted by your lender.
Set the loan tenure in years or months.
Optionally open Advanced to add a monthly prepayment or a processing fee.
Click Calculate EMI to see the EMI, total interest and the year-by-year amortization schedule.
Use Save current under Scenario Comparison to line up two or more options, and export the schedule as CSV if you need it in a spreadsheet.

Key Features

Instant EMI calculation using the standard reducing-balance formula.
Loan type presets for home, car, personal, education, business and gold loans.
Tenure in years or months with automatic conversion.
Total interest and total payment highlighted for clear comparison.
Amortization schedule — yearly and monthly views with running balance.
Prepayment modelling — see how much interest a small extra monthly payment saves.
Scenario comparison — save and compare up to 4 loan configurations side by side.
CSV export of the complete amortization schedule for offline analysis.
Copy, print and TXT export of the full loan summary.
Session history of the last few calculations for quick recall.

Frequently Asked Questions

What is EMI and how is it calculated?

EMI stands for Equated Monthly Instalment — the fixed amount you pay your lender every month until the loan is fully repaid. It is calculated using the reducing-balance formula: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the total number of monthly instalments.

Does a longer tenure reduce my EMI?

Yes — a longer tenure reduces the monthly EMI because the principal is spread over more instalments. However, a longer tenure also means you pay interest for more months, so the total interest outgo increases. Always compare both the monthly EMI and the total interest before choosing a tenure.

How do prepayments affect my loan?

When you pay extra toward the principal, the outstanding balance drops faster than the scheduled plan. Because interest is calculated on the reducing balance, this reduces the interest charged in subsequent months. Depending on the lender, the extra payment either shortens the remaining tenure or reduces the EMI; this calculator shows the impact as a reduction in total interest and a shorter loan duration.

Are the interest rates shown accurate?

The preset rates are indicative of typical market ranges for each loan type and may change over time. Your actual rate depends on the lender, your credit profile, the loan amount and the tenure. Always use the rate quoted on your lender's sanction letter or website for accurate planning.

Is my loan data uploaded anywhere?

No. Every calculation runs locally inside your browser. The loan amounts, rates and results you enter are never transmitted to a server, and the session history is cleared as soon as you refresh or close the page.