EMI Calculator

Monthly instalment, total interest and full amortisation schedule.

EMI Calculator

Fast online calculation engine

Loan Principal Amount

Interest Rate (% p.a.)

Tenure (Years)

Monthly EMI2,124.7

Total Interest27,482.27

Total Payment127,482.27

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What does EMI Calculator do?

Calculate the equated monthly instalment for any loan, along with total interest, total repayment and a month-by-month amortisation schedule showing how each payment splits between interest and principal.

How to Use EMI Calculator

1
Enter the loan amountThe principal you plan to borrow.
2
Enter the annual interest rateThe nominal yearly rate quoted by the lender.
3
Set the tenureIn months or years, whichever the lender quoted.
4
Review the scheduleExpand the amortisation table or download it as CSV.

Key Features

Monthly instalment from loan amount, interest rate and tenure
Total interest and total repayment shown alongside the principal
Complete amortisation schedule, downloadable as CSV
Interest versus principal split visualised for every year
Tenure accepted in months or years

Frequently Asked Questions

What is the EMI formula?

EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of months.

Why is so much of my early EMI interest?

Interest is charged on the outstanding balance, which is highest at the start. On a 20-year loan at 9%, the first payment is roughly three-quarters interest; the crossover to mostly-principal happens around year 12.

Does a longer tenure reduce the total cost?

No, the opposite. A longer tenure lowers the monthly payment but you pay interest for longer, so total interest rises sharply. Compare the total repayment figure, not just the EMI.

Does this include processing fees or insurance?

No. It calculates the pure loan repayment. Lenders often add a processing fee, insurance premium or documentation charge, so ask for the annual percentage rate (APR) to compare offers fairly.

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