EMI Loan Calculator
Estimate monthly EMI, view amortization schedules, model prepayments, compare offers, and check affordability — using the standard reducing-balance formula.
More calculators
Companion tools that run entirely in your browser.
Prepayment Calculator
See interest saved and months shaved off with extra monthly payments.
Compare Loans
Side-by-side EMI and total interest for two loan offers.
Loan Affordability Calculator
Estimate max EMI and loan amount from income and expenses.
Amortization Schedule
Full month-by-month principal, interest, and balance table.
Understanding EMI
Equated Monthly Installment (EMI) spreads loan repayment across equal monthly payments. Early payments are mostly interest; later payments shift toward principal. Our amortization table shows that progression month by month.
Plan before you borrow
Use the affordability tool to sanity-check payments against income, then compare offers and model prepayments before signing paperwork with a licensed lender.
Frequently asked questions
What EMI formula do you use?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is principal, r is monthly interest rate, and n is tenure in months. This is the standard reducing-balance formula used by most banks.
Is this a loan offer?
No. Results are estimates for planning only. Actual EMI may include fees, insurance, and lender-specific rounding.
Do you check my credit?
No. Nothing is submitted to lenders or credit bureaus. All math runs locally.
How does prepayment help?
Extra principal payments reduce outstanding balance faster, which lowers total interest over the loan life and may shorten the term.