EMI Calculator
Calculate your monthly loan EMI, total interest payable, and view your full repayment schedule.
Monthly EMI
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Principal
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Total Interest
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Total Payment
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| Month | EMI | Principal | Interest | Balance |
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How to Calculate EMI
Enter your loan amount, annual interest rate, and tenure. Use presets for common loan types.
EMI updates instantly as you adjust sliders. Switch between months and years for tenure.
View the full amortization schedule to see exactly how much principal and interest you pay each month.
Frequently Asked Questions
What is EMI?
EMI (Equated Monthly Instalment) is the fixed amount paid every month to repay a loan. It includes both principal and interest components.
What is the EMI formula?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1), where P = principal, r = monthly interest rate, n = number of months.
Does a longer tenure mean lower EMI?
Yes, a longer tenure reduces monthly EMI, but significantly increases total interest paid over the loan period.
Is my data stored anywhere?
No. All calculations run entirely in your browser — nothing is sent to any server.