Calculate monthly EMI, total interest, and full amortization schedule for any loan — home, car, or personal. Instant results, no signup.
Input the loan amount, annual interest rate (%), and loan term in months.
The monthly payment, total interest, and total repayment amount calculate instantly.
Expand the schedule to see a month-by-month breakdown of principal, interest, and remaining balance.
EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay a loan. Each payment covers both the principal portion and the interest accrued for that month.
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P = principal, r = monthly interest rate (annual rate ÷ 12 ÷ 100), and n = loan term in months. This tool calculates it instantly.
An amortization schedule shows every monthly payment broken into principal and interest portions, plus the remaining balance. Early payments are mostly interest; later payments are mostly principal — this tool shows the full breakdown.
Make a larger down payment to reduce principal, choose a shorter loan term, or negotiate a lower interest rate. Even small rate reductions significantly reduce total interest on large loans.
The interest rate is the base borrowing cost. APR (Annual Percentage Rate) includes the interest rate plus fees and charges. APR is the more complete cost figure — always compare APRs when shopping for loans.
Yes. Enter any loan amount, annual interest rate, and term in months. Works for mortgages, auto loans, personal loans, student loans, and any fixed-rate installment loan.
No. All calculations happen locally in your browser. Nothing is sent to any server.