Loan EMI Calculator
Calculate your Equated Monthly Instalment, total interest and full amortisation schedule for any loan.
Enter values
$
% p.a.
years
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—
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principal
Outstanding balance over time
Amortisation schedule · yearly
YrPrincipalInterestBalance
The formula
EMI = P · r · (1 + r)ⁿ / ((1 + r)ⁿ − 1)
All calculations run locally in your browser and update instantly as you type.
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Frequently asked questions
What is an EMI?+
An Equated Monthly Instalment is the fixed amount you pay each month — part interest, part principal — so the loan is fully repaid by the end of the term.
Does a longer tenure reduce my EMI?+
Yes — a longer term lowers each monthly payment, but you pay more total interest over the life of the loan.
Is my data saved anywhere?+
No. Every calculation runs entirely in your browser; nothing you type is sent to a server.
All calculations run locally in your browser. Nothing you type is sent to a server.