Loan / EMI Calculator
Calculate your monthly EMI, total interest payable, and full repayment schedule for any loan — instantly.
| Month | EMI (₹) | Principal (₹) | Interest (₹) | Balance (₹) |
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Free Loan / EMI Calculator
Our Loan & EMI Calculator helps you instantly find out how much you need to pay each month for any loan — whether it's a home loan, car loan, personal loan, or any other type of financing. Enter your loan amount, interest rate, and tenure to get an accurate breakdown in seconds.
How EMI is Calculated
EMI (Equated Monthly Instalment) is calculated using the standard reducing-balance formula:
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1)
Where P is the principal loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the loan tenure in months. This formula ensures the most accurate EMI calculation aligned with how banks compute repayments.
Key Features
- Instant Calculation: Results update live as you adjust inputs — no need to click a button.
- Synced Sliders: Drag sliders or type values — both stay in sync.
- Loan Presets: One-click presets for Car, Home, Personal, and Bike loans.
- Visual Breakdown: Interactive doughnut chart shows the split between principal and interest.
- Amortization Schedule: Full month-by-month repayment table with pagination.
- Share & Export: Copy results, share a link, or download as PDF.
- Persistence: Your last inputs are remembered via local storage.
Understanding Your Results
- Monthly EMI: The fixed amount you pay every month throughout the loan tenure.
- Total Interest: The total interest you pay over the entire loan period.
- Total Payment: The sum of principal + total interest — the total cost of the loan.
Tips to Reduce Your EMI
- Make a larger down payment to reduce the principal amount.
- Opt for a shorter loan tenure to pay less interest overall.
- Compare lenders for the best interest rate available.
- Consider making prepayments when possible to reduce the outstanding balance.
Privacy & Security
All calculations are performed entirely in your browser. No personal data or loan details are sent to any server. Your inputs are only saved locally on your own device for convenience.