Loan EMI Calculator
Calculate monthly EMI, total interest and year-by-year payoff schedule for any loan
Loan Details
Results
Principal vs Interest
Balance Declining per Year
About this Tool
The Loan EMI (Equated Monthly Installment) Calculator computes your fixed monthly payment from loan amount, interest rate and tenure — plus total interest and a year-by-year amortization schedule so you can see exactly how each payment splits between principal and interest.
Common Use Cases
Personal Loan Planning
Estimate monthly payments and total cost before you borrow.
Home Loan Analysis
Compare tenures — a shorter term raises EMI but slashes lifetime interest.
Car Loan Decisions
See how rate differences change both EMI and total interest.
Prepayment Planning
Use the yearly schedule to plan lump-sum prepayments in high-interest early years.
Pro Tips
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Early Years = Mostly Interest
Amortization front-loads interest, so prepaying early saves the most.
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0% Isn't Always Free
Check processing fees and insurance — they add to the true cost.
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Round Up Your EMI
Even small extra principal payments shorten the loan noticeably.
Examples
100,000 loan at 7.5% for 10 years
Borrowing 100,000 at 7.5% for 10 years costs EMI 1,187.02 and total interest 42,442.12.
- Monthly rate r = 7.5/100/12 = 0.00625 and months n = 10 x 12 = 120.
- EMI = 100,000 x 0.00625 x 1.00625^120 / (1.00625^120 - 1) = 100,000 x 0.00625 x 2.11206 / 1.11206 = 1,187.02.
- Total payment = 1,187.02 x 120 = 142,442.12, so total interest = 142,442.12 - 100,000 = 42,442.12.
50,000 loan at 9% for 5 years
Borrowing 50,000 at 9% for 5 years costs EMI 1,037.92 and total interest 12,275.07.
- Monthly rate r = 9/100/12 = 0.0075 and months n = 5 x 12 = 60.
- EMI = 50,000 x 0.0075 x 1.0075^60 / (1.0075^60 - 1) = 50,000 x 0.0075 x 1.56568 / 0.56568 = 1,037.92.
- Total payment = 1,037.92 x 60 = 62,275.07, so total interest = 62,275.07 - 50,000 = 12,275.07.
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