EMI Calculator
Runs entirely in your browser
Calculate your monthly loan installment (EMI), see a principal vs. interest breakdown, and view the full amortization schedule — updated live as you adjust the sliders. Everything is calculated directly in your browser.
Amortization Schedule
| Year | Principal Paid | Interest Paid | Total Payment | Balance |
|---|
How to use EMI Calculator
- Enter or drag the slider for the loan amount you want to borrow.
- Enter the annual interest rate offered by your lender.
- Enter the loan tenure in years or months.
- Your monthly EMI, total interest and total amount update instantly. Scroll down for the full amortization schedule.
Features
- Works for home loans, car loans, personal loans and more.
- Sliders and number fields for quick, precise input.
- Live results as you adjust loan amount, rate or tenure.
- Enter tenure in years or months.
- Shows monthly EMI, principal, total interest and total amount payable.
- Donut chart breakdown of principal vs. interest.
- Full yearly or monthly amortization schedule.
- 100% client-side — your loan details are never sent to a server.
Worked Example
Loan amount: ₹5,00,000. Interest rate: 9% p.a.. Tenure: 5 years (60 months).
Monthly rate (r) = 9% / 12 / 100 = 0.0075
n = 60 months
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1)
= 500000 × 0.0075 × (1.0075)^60 / ((1.0075)^60 − 1)
≈ ₹10,379
Total payment = 10,379 × 60 ≈ ₹6,22,746
Total interest = 6,22,746 − 5,00,000 ≈ ₹1,22,746Note that total interest (₹1,22,746) is about 24.5% of the loan amount, even though the rate is only 9% — because interest compounds on the outstanding balance every month for five years.
EMI calculation tips
- This uses reducing-balance interest, not flat-rate interest — each EMI is split between interest on the remaining balance and principal, so the interest portion shrinks every month while the principal portion grows.
- A flat-rate loan advertised at the same nominal percentage will have a noticeably higher effective rate than a reducing-balance loan, since flat rate charges interest on the original principal for the entire tenure.
- Doubling the tenure roughly halves the EMI but can nearly double the total interest paid — a longer tenure trades a lower monthly payment for a higher lifetime cost.
- This is an estimate for planning purposes only — confirm the exact EMI, processing fees and any rate changes with your lender before signing.
Is EMI Calculator safe?
Yes. The reducing-balance EMI formula and the full amortization schedule are computed locally in your browser as you move the sliders — your loan amount, interest rate and tenure are never transmitted to a server, so details about your borrowing plans stay private.
Frequently Asked Questions
How is EMI calculated?
EMI Calculator uses the standard reducing-balance formula: EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly installments.
Does the result include processing fees or other charges?
No. This calculates EMI based only on the loan amount, interest rate and tenure you enter. It does not include processing fees, insurance, taxes or other charges your lender may add.
Can I use this for a home loan, car loan or personal loan?
Yes. It works for any fixed-rate loan repaid in equal monthly installments, including home loans, car loans, personal loans and education loans.
What if my lender charges a floating interest rate?
This calculator assumes a fixed interest rate for the full tenure. For a floating-rate loan, your actual EMI can change over time if the rate changes — use this as an estimate at your current rate.
What is an amortization schedule?
It's a breakdown of every payment over your loan tenure, showing how much goes toward principal and how much toward interest each year or month, along with your remaining balance. Early payments are interest-heavy; later payments pay down more principal.