Loan EMI Calculator
Calculate your Equated Monthly Installment (EMI), interest payable, and amortization schedule for home, car, or personal loans.
Loan Details
$20,000
$1,000
$500,000
8.5%
1%
30%
5 years
1 year
30 years
$
EMI Results
Your Monthly EMI
$410.55
$24,633
Total Payment
$4,633
Total Interest
Payment Breakdown
Enter loan details and click Calculate to see results
Amortization Schedule
See how each payment is split between principal and interest over the loan term.
| Payment # | Date | EMI Amount | Principal | Interest | Extra Payment | Balance |
|---|---|---|---|---|---|---|
| No data available. Calculate EMI to see amortization schedule. | ||||||
About EMI
EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
EMI Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
Where P = loan amount, r = monthly interest rate, n = number of monthly installments
Factors Affecting EMI
- Loan amount
- Interest rate
- Loan tenure
- Type of interest (fixed vs floating)
Extra Tips
This calculator can be easily plan their loans.
Ideal For
- Mortgage planning
- Car loan calculations
- Personal loan assessment
- Debt management
Benefits
- Increase user engagement
- Provide valuable financial tool
- Responsive design works on all devices
- Easy to customize and style