Loan EMI Calculator
Free loan EMI calculator. See your monthly payment, total interest and a full amortization schedule for home, car or personal loans. Private, runs in your browser.
- No upload — 100% private
- Instant, on your device
- Free, no sign-up
- Works offline once loaded
How it works
How to use Loan EMI Calculator
Choose your currency and enter the loan amount.
Enter the annual interest rate offered by your lender.
Set the tenure in years or months — results update as you type.
Review the EMI, total interest and the principal-vs-interest chart.
Expand any year of the amortization schedule to see each month, or download it as CSV.
Why use it
Why use our Loan EMI Calculator tool
Instant EMI
Uses the standard reducing-balance formula banks use, including 0% interest loans.
Full amortization table
Yearly totals with expandable months show how each payment splits into principal and interest.
Visual breakdown
A clean donut chart shows how much of what you repay is interest.
15 currencies
USD, EUR, GBP, INR, PKR, AED, SAR and more, formatted the local way — including lakh grouping for rupees.
CSV export
Download the month-by-month schedule to open in Excel or Google Sheets.
Private
Your loan details are calculated on your device and never sent anywhere.
FAQ
Frequently asked questions
What is an EMI?
An Equated Monthly Installment is the fixed amount you pay every month until a loan is repaid. Each EMI covers that month's interest plus a slice of the principal, so the interest share falls and the principal share grows over time.
How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly payments.
Does a longer tenure save money?
A longer tenure lowers the monthly EMI but increases the total interest you pay, often substantially. Try 15 versus 30 years in the calculator to see the difference.
Are processing fees and insurance included?
No. The calculator covers principal and interest only. Add lender fees, insurance and taxes separately when comparing offers.
Will my bank's EMI match exactly?
It should be within a few cents or paise. Banks may round each payment, use daily interest, or adjust the final installment, which causes tiny differences.
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