Enter the loan amount, interest rate and tenure for a home, car, personal or education loan. You get the monthly EMI, total interest payable and a year-by-year repayment schedule. No login, no personal details.
Figures use the standard reducing-balance method used by Indian banks. Actual EMI may vary slightly with processing fees and rate changes.
How each year's EMIs split between principal and interest, and the balance left at year end.
| Year | Principal paid | Interest paid | Balance | Split |
|---|
EMI = P × r × (1 + r)n ÷ [(1 + r)n − 1]
EMI (Equated Monthly Instalment) is the fixed amount you pay the lender every month until the loan is repaid. Each EMI covers part of the principal and the interest on the outstanding balance.
Interest is charged on the outstanding balance. At the start the balance is highest, so a bigger part of the EMI goes to interest. As the balance falls, more of each EMI repays principal.
Yes, a longer tenure lowers the monthly EMI, but you pay more total interest over the life of the loan. Try changing the tenure above to see the difference.
Choose a shorter tenure if the EMI fits your budget, negotiate a lower rate, or make part-prepayments whenever you have surplus funds.
Yes. It runs entirely in your browser and does not collect or store any personal or financial data.
The Loan EMI Calculator Android app works offline, needs no login, and lets you compare loan amounts, rates and tenures side by side.