Calculate your monthly EMI, total interest, and full amortization schedule instantly. Free, no signup required.
| # | Date | EMI | Principal | Interest | Balance |
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Our free loan calculator helps you calculate your monthly EMI (Equated Monthly Installment), total interest payable, and complete amortization schedule for any type of loan. Whether you're planning a home loan, car loan, personal loan, or business loan — this tool gives you a clear picture of your repayment before you commit.
Simply enter your loan amount, annual interest rate, and loan tenure. The calculator instantly shows your monthly EMI, total interest cost, and a full month-by-month breakdown of every payment. No registration required — completely free and private.
Choose from Home, Car, Personal, Education or Business loan. Each sets smart default values to get you started quickly.
Use the slider or type the exact amount. Supports values from $10,000 up to $2,000,000.
Enter the annual interest rate and set loan tenure in years or months. Toggle between the two modes easily.
Instantly see your EMI, total interest, donut chart breakdown, and full amortization table with monthly or yearly view.
Get your monthly EMI in real-time as you move sliders — no submit button needed.
See every single payment — principal vs interest — for the full loan duration.
Understand your total interest vs principal ratio at a glance with the donut chart.
Works for home, car, personal, education and business loans with smart presets.
Switch between detailed monthly and summarized yearly amortization schedule.
All calculations in your browser. No data stored, no account needed, forever free.
EMI stands for Equated Monthly Installment — the fixed amount you pay every month to repay your loan. The formula is: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate (annual ÷ 12), and n is total months.
In early months, a larger portion of each EMI goes toward interest. Over time, as the principal reduces, more goes toward principal. This is called front-loaded interest — and our amortization table makes it clearly visible. Understanding this helps you decide between shorter tenure (higher EMI, less total interest) or longer tenure (lower EMI, more total interest).