Loan / EMI Calculator
Estimate monthly loan payments (EMI), total interest, and full amortization schedules for any loan — illustrative math only.
How to Use Loan / EMI Calculator
Enter the loan amount (principal), annual interest rate, and tenure in months or years.
Click "Calculate EMI" to see your monthly payment, total interest, and total repayment.
Review the amortization schedule showing how each installment splits between interest and principal.
Optionally download the complete schedule as a CSV file.
About Loan / EMI Calculator
Understand what any loan really costs before you sign. Enter the loan amount, annual interest rate, and tenure to compute the standard equated monthly installment (EMI) using the universal amortization formula, plus the total interest payable and total repayment amount. A full month-by-month amortization table shows how each payment splits between principal and interest over time, and you can download the entire schedule as a CSV for your own records or to compare loan offers side by side.
Frequently Asked Questions
Is this financial advice?
No. This tool performs standard, publicly known amortization math for illustration and comparison. It does not know your actual loan contract's terms — fees, insurance, stepped rates, penalties, and lender-specific rounding all change real payments. Always confirm figures with your lender and consult a qualified financial professional before making borrowing decisions.
What formula does it use?
The standard reducing-balance EMI formula: EMI = P x r x (1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly interest rate (annual rate / 12 / 100), and n is the number of monthly installments.
Why does early payment go mostly to interest?
That is how amortization works: interest for each period is charged on the remaining balance, which is largest at the start. As the principal shrinks, an ever-larger slice of your fixed payment goes to principal — the schedule table makes this visible month by month.
Are taxes, insurance, and fees included?
No. The calculation covers principal and interest only. Processing fees, mandatory insurance, taxes, and other charges vary by lender and product and are deliberately excluded to keep the math transparent.
Is my financial data stored or sent anywhere?
No. All computation happens locally in your browser — nothing is transmitted, stored, or logged.
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