EMI Calculator
Calculate monthly EMI for home, car, personal, education, or business loans with total interest, total repayment, and annual or monthly amortization schedules.
Payment Breakdown
Home Loan| Item | Amount |
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Amortization Schedule
| Year | Payments | Interest | Principal | Ending Balance |
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| Month | Payment | Interest | Principal | Ending Balance |
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EMI Calculator Guide
An EMI, or equated monthly instalment, is the fixed monthly amount you pay toward a loan. Each EMI contains two parts: interest charged by the lender and principal repaid toward the borrowed amount. In the early months, the interest portion is usually larger; as the balance falls, a higher share of each EMI goes toward principal.
This free EMI calculator is built for Indian borrowers comparing home loans, personal loans, car loans, education loans, and business loans. Enter the loan amount, annual interest rate, and loan tenure to estimate the monthly EMI, total interest payable, and total amount to be repaid over the loan period.
Use the annual and monthly amortization schedule to understand how your outstanding balance changes over time. This is useful before applying for a loan, when comparing offers from banks and NBFCs, or when deciding whether a longer tenure is worth the lower monthly payment.