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Calculate EMI for home loan, car loan, or personal loan with amortization schedule.
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Loan Details
₹0
Monthly EMI
₹0
Total Interest
₹0
Total Payment
Principal: 0%
Interest: 0%
View Amortization Schedule
| Month | EMI (₹) | Principal (₹) | Interest (₹) | Balance (₹) |
|---|
Enter loan details and click Calculate EMI
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Frequently Asked Questions
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay a loan. Each EMI covers a portion of the principal and the interest.
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P = principal loan amount, r = monthly interest rate (annual rate ÷ 12), and n = number of monthly instalments.
Yes. Making a prepayment reduces your outstanding principal, which either reduces your EMI or shortens your loan tenure depending on the option you choose with your bank.
An amortization schedule is a table showing each monthly payment, how much goes toward interest, how much reduces the principal, and the remaining balance. Our tool generates this for every calculation.
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