Financial Calculator

Free EMI Calculator — Know Your Monthly Payment

Calculate your Equated Monthly Installment for home loans, car loans, personal loans, or any loan type. See full amortization schedule, interest breakdown, and visual charts — all free, all in your browser.

Instant Results Real-time calculation
100% Private No data sent anywhere
Full Schedule Month-by-month breakdown
Loan Amount
25L
Interest Rate
8.5%
Tenure
20 Yr
Monthly EMI
₹21,697

Loan Parameters

Adjust the sliders or type values directly

Loan Amount
₹25,00,000
₹50,000 ₹2,00,00,000
₹
Interest Rate (Annual)
8.5%
1% 30%
Loan Tenure
20 Years
1 Year 30 Years
Include Prepayment
One-time Prepayment
₹0
₹0 ₹1,00,00,000
₹
Prepay After (Month)
12
Month 1 Month 360
Your Monthly EMI
₹21,697
₹25L Principal
₹27.1L Total Interest
₹52.1L Total Payment
Payment Breakdown
Principal
Interest
Yearly Principal vs Interest
Amortization Schedule
Month EMI Paid Principal Interest Outstanding Balance
How It Works

EMI Calculation Formula

The Equated Monthly Installment is calculated using the standard reducing balance formula. This is the same formula used by all major banks and financial institutions.

EMI = P × r × (1+r)n / [(1+r)n - 1]
P
Principal Loan Amount
r
Monthly Interest Rate
(Annual Rate / 12 / 100)
n
Total Number of Months
Features

Why Use Our EMI Calculator

Instant Results

Get your EMI amount the moment you move any slider. No waiting, no page reloads.

Visual Breakdown

See exactly how much goes to principal vs interest with interactive charts and year bars.

Full Schedule

Complete month-by-month amortization table with balance tracking and CSV export.

100% Private

All calculations run in your browser. No data is ever sent to any server.

FAQ

Frequently Asked Questions

EMI stands for Equated Monthly Installment. It is the fixed payment amount a borrower makes to a lender on a specified date each month. EMIs consist of both principal and interest components. In the initial months, the interest portion is higher, and as the loan matures, the principal portion increases.
Even a small change in interest rate can significantly impact your total interest paid. For example, on a 25L loan for 20 years, increasing the rate from 8% to 9% can increase total interest by nearly 7 Lakhs. Always compare rates from multiple lenders before finalizing.
Prepayment is an extra payment made towards the loan principal before the due date. This reduces the outstanding balance, which in turn reduces the total interest charged. You can either reduce your EMI amount or shorten the loan tenure. Most banks allow partial prepayment after a certain lock-in period.
Yes, a longer tenure reduces the monthly EMI amount, making it more affordable month-to-month. However, it also means you pay significantly more total interest over the life of the loan. It's important to find the right balance between affordable EMIs and minimizing total interest.
This calculator uses the standard reducing balance EMI formula, which is used by most banks for home loans, car loans, personal loans, and education loans. However, some loans may use flat rate interest or have special terms. For exact figures, always confirm with your lender.
Yes, click the "Download CSV" button above the amortization table to download the complete month-by-month breakdown as a CSV file. You can open it in Excel, Google Sheets, or any spreadsheet application for further analysis.