Loan / EMI Calculator
Work out the monthly payment for any loan — and see how much of each instalment goes toward interest vs principal. All math runs in your browser.
Currency
Loan type
Where your money goes
Amortization schedule
| # | Principal | Interest | Balance |
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Frequently asked questions
How is the EMI calculated?
It uses the standard reducing-balance formula: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the term in months.
What does the amortization schedule show?
It breaks each monthly instalment into its principal and interest portions and tracks the remaining balance, so you can see how early payments are mostly interest while later ones are mostly principal.
Can I back-solve the loan amount from an EMI?
Yes. The Monthly EMI field is editable — type the EMI you can afford and the calculator works backward to the loan amount for the given rate and term.
Example: ₹25,00,000 at 8.5% for 240 months?
The monthly rate is 8.5 ÷ 12 ÷ 100 ≈ 0.708%, giving an EMI of about ₹21,696. Over 240 months that totals roughly ₹52.07 lakh, of which about ₹27.07 lakh is interest.
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