Loan and EMI Calculator
Calculate monthly EMI, total interest payable, and full amortization schedule for any loan. Supports reducing balance and flat rate methods.
About Loan / EMI Calculator
Enter your loan amount, annual interest rate, and tenure in months or years to instantly calculate your exact monthly EMI (Equated Monthly Installment), total amount payable, total interest cost, and a complete year-by-year amortization schedule showing how each payment splits between principal and interest. Useful for home loans, car loans, personal loans, and business loans.
Frequently Asked Questions
What is EMI?
EMI (Equated Monthly Installment) is a fixed monthly payment that covers both the principal repayment and the interest accrued on the outstanding balance.
What is the difference between reducing balance and flat rate?
Reducing balance calculates interest on the outstanding principal each month — the standard method for most bank loans. Flat rate calculates interest on the original principal throughout the term, resulting in higher effective interest.
Can I see the full repayment schedule?
Yes — the amortization table shows every payment, how much goes to principal, how much to interest, and the outstanding balance after each payment.
Is it free?
Yes, completely free, no signup required.