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EMI Calculator — Loan Amortization Tool

Calculate your monthly loan EMI (Equated Monthly Installment) with detailed breakdowns of principal, interest, and total payment.

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How to Use EMI Calculator — Loan Amortization Tool

How to Use the EMI Calculator:

  1. Enter your Loan Amount (principal) - the total amount you want to borrow
  2. Enter Annual Interest Rate (%) - the yearly interest rate offered by the lender
  3. Select Loan Tenure:
    • Choose between Years or Months from the dropdown
    • Enter the loan duration (e.g., 5 years or 60 months)
  4. Results are calculated automatically as you type
  5. View your Monthly EMI payment amount
  6. See the breakdown of:
    • Principal Amount (loan amount)
    • Total Payment (principal + interest)
    • Total Interest (interest paid over entire tenure)
  7. Copy or share your results

The calculator uses the standard EMI formula: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)

Where:

  • P = Principal loan amount
  • r = Monthly interest rate (annual rate / 12 / 100)
  • n = Loan tenure in months

Try the example scenarios for Home Loan, Car Loan, or Personal Loan to see typical EMI calculations.

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