How is EMI calculated?

EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the principal amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the total number of monthly payments.

What does the amortization table show?

The amortization table shows the payment breakdown for each month: how much goes toward principal, how much is interest, and what the remaining balance is after that payment.

What is total interest paid?

Total interest is (monthly EMI × number of months) − principal amount. This shows the full cost of borrowing over the life of the loan.

Can I calculate for different loan terms?

Yes — enter the term in months or years. Common terms: 12 months (1 year), 60 months (5 years), 180 months (15 years), 360 months (30 years for a mortgage).

Loan & EMI Calculator

Calculate your monthly EMI, total interest, and total payment for any loan. View the full month-by-month amortization schedule.

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Enter loan amount, interest rate, and term to see results.

How to Loan & EMI Calculator

Enter the loan amount (principal).
Enter the annual interest rate as a percentage.
Enter the loan term in years and/or months.
See the monthly EMI, total interest, and total payment calculated instantly.
Click "Show amortization schedule" to see the month-by-month breakdown.

Why Use This Tool?

Understanding the true cost of a loan requires more than just the monthly payment. This calculator shows you the total interest you will pay over the life of the loan and a full amortization schedule — so you can compare loan offers, decide on prepayments, or plan your finances with confidence.

Loan & EMI Calculator

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