EMI Calculator
Calculate your Equated Monthly Installment (EMI) for home loans, car loans, and personal loans. Get complete amortization breakdown with interest and principal components.
Loan Summary
Year-by-Year Breakdown
| Year | Months | Total Paid | Principal | Interest | Balance |
|---|
What is EMI?
EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each month. EMIs are applied to both interest and principal each month so that over a specified period, the loan is paid off in full.
EMI Calculation Formula
The EMI is calculated using the following mathematical formula:
Where P = Principal, r = Monthly interest rate, n = Number of months
Features
📊 Detailed Breakdown
See year-by-year payment breakdown with principal and interest split.
💰 Total Cost Analysis
Understand total interest paid over the entire loan term.
📅 Flexible Terms
Calculate for any term in months or years.
💯 100% Free
Unlimited calculations, no registration required.