Calculate your monthly EMI for home loans, car loans, personal loans, and education loans.
| Month | EMI | Principal | Interest | Balance |
|---|
Equated Monthly Installment. Fixed payment covering principal and interest.
Shorter tenure costs less interest. Longer tenure lowers monthly payments.
Most lenders allow prepayment. Some charge 2-5% penalty. Prepay saves interest.
Yes. All calculations run locally in your browser. Nothing is sent to servers.
Calculates monthly payments using the standard EMI formula. Provides amortization schedule showing principal and interest breakdown.
Useful for home loans, car loans, personal loans, and student loans. Helps compare offers and budget payments.
Formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1). Where P is principal, r is monthly rate, n is number of payments.
The amortization table shows how each payment splits between principal and interest. Early payments are mostly interest.
Interest rates below 1% may show minimal differences. Very large loans may hit browser number limits.
The schedule shows first 24 months only. Export full schedule if you need all payments.