Loan installments with amortization chart, prepayment engine & rate comparison
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Loan installments with amortization chart, prepayment engine & rate comparison. The EMI Calculator is designed to help individuals, investors, and finance professionals with financial planning, budgeting, and investment decisions.
Instead of complex manual computation, you can use this tool to get instant, accurate results. Simply enter your values to see a step-by-step breakdown of how the answer was reached.
This utility works directly in your browser without any sign-ups or downloads.
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]
Where P is Principal, R is monthly interest rate, and N is the number of months.
Use this calculator before applying for any home loan, car loan, or personal loan. It helps you understand exactly what your monthly cash outflow will be so you can budget accordingly.
The EMI (Equated Monthly Installment) is the exact amount you must pay the bank every month. The "Total Interest" shows how much extra you are paying the bank over the original borrowed amount.
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⚠️ Financial Disclaimer: Results are estimates based on the inputs you provide and standard mathematical formulas. They do not constitute financial advice. Please consult a certified financial advisor, accountant, or tax professional before making any investment, loan, or financial decisions.
Quick Examples
Additional payment above your regular EMI
Increase EMI by this % each year
Enter values to calculate
Your result will appear here instantly
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P = principal, r = monthly rate, n = tenure in months.
Making even small extra payments dramatically reduces total interest — paying ₹5,000 extra/month on a ₹30L loan can save ₹5–7 lakhs in interest and cut years off your loan.