EMI Calculator
Calculate your Equated Monthly Installment (EMI) for home, car, or personal loans. View amortization tables.
Calculate loan Equated Monthly Installments and amortization schedules
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Year-by-Year Repayment Schedule
| Year | Principal Repaid | Interest Paid | Total Paid (Yearly) | Outstanding Balance |
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How to use this tool
What is an EMI?
An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are applied to both interest and principal each month so that over a specified number of years, the loan is paid off.
How to Model Your Loan EMI
Define your loan scope to review your repayment and interest overheads.
Loan Amount
Enter the total principal borrowed amount from the lender.
Annual Interest
Input the loan’s fixed interest rate charged by the bank.
Loan Tenure
Select the duration of the loan in years or months. Longer tenors lower the EMI but increase total interest.
The Loan Repayment Formula
The monthly EMI is calculated using standard reducing balance amortization:
EMI = P × r × (1+r)n / ((1+r)n - 1)
Frequently Asked Questions
Repayment rules and options.
How do prepayments affect my EMI?
Making lump-sum prepayments towards your principal reduces the outstanding balance. Depending on bank terms, this either lowers your future monthly EMI or shortens the remaining loan tenure.
What is reducing balance interest?
Most consumer loans calculate interest on a reducing balance basis. This means interest is calculated on the remaining unpaid principal balance each month rather than the original loan amount.
Privacy & Safety Policy
All tools run completely in your browser via client-side JavaScript. We do not upload your files, interest parameters, or JSON payloads to any server. Your data remains yours.