Loan Details
₹
₹10K₹1Cr
%
1%30%
1 Yr30 Yr
Your EMI
Monthly EMI
₹0
Principal vs Interest
Principal
Interest
Principal Amount₹0
Total Interest₹0
Total Payment₹0
Repayment Schedule
| Month | EMI | Principal | Interest | Balance |
|---|
How to Use the EMI Calculator
1
Enter loan amount
Type or slide to set how much you want to borrow.
2
Set interest rate
Enter the annual interest rate your bank is offering.
3
Choose tenure
Pick the repayment period in years or months.
4
See full breakdown
Instantly view EMI, interest, total payment and the month-by-month schedule.
Frequently Asked Questions
How is EMI calculated?
EMI = P × R × (1+R)^N / ((1+R)^N − 1), where P is the principal, R is the monthly interest rate and N is the number of months.
What is an amortization schedule?
A month-by-month table showing how much of each EMI goes to principal and interest, plus the remaining balance.
Is this EMI calculator free?
Yes — 100% free, no login or sign-up required, works on mobile and desktop.