Loan EMI Calculator

An equated monthly installment blends principal repayment and interest into one fixed monthly figure. This calculator takes the loan amount, the annual interest rate, and the tenure, then applies the standard amortization formula to show what you would pay each month.

Beyond the headline installment, the tool breaks down the full cost of borrowing: total interest payable over the life of the loan and a period-by-period amortization schedule showing how each payment splits between interest and principal. Watching that split shift over time — interest-heavy early on, principal-heavy later — is the clearest way to understand what a longer tenure really costs.

Use the schedule to compare scenarios, such as a shorter tenure or an extra principal payment, and to see the interest saving each choice implies. The math here is illustrative; actual loans may include fees, insurance, changing rates, or prepayment conditions. Always confirm the final figures with the lender's disclosure documents before signing.