Loan Calculator
Calculate your EMI, total interest, and view complete payment schedule
| Payment # | Payment Date | EMI | Principal | Interest | Balance |
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About Loan Calculator
Our loan calculator helps you estimate your Equated Monthly Installment (EMI) for various types of loans including home loans, car loans, personal loans, and more. It provides a complete amortization schedule showing the breakdown of each payment into principal and interest components.
EMI Calculation
Calculate your exact monthly payment based on loan amount, interest rate, and tenure
Payment Breakdown
See how much of each payment goes toward principal vs interest
Amortization Schedule
View complete payment schedule with dates for the entire loan term
Total Cost Analysis
Understand the total interest paid over the life of the loan
How EMI is Calculated
The formula used to calculate EMI is:
EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
Where:
P = Principal loan amount
R = Monthly interest rate (annual rate divided by 12)
N = Number of monthly installments