Loan Calculator
Loan Summary
Monthly Payment: 0.00
Total Interest: 0.00
Total Payment: 0.00
Monthly Payment Breakdown
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| Enter loan details and click Calculate to see payment schedule | ||||
✅ What Is a Loan EMI Calculator?
A Loan EMI Calculator is an online tool that helps you calculate your Equated Monthly Installments (EMIs) for any loan — be it a home loan, car loan, personal loan, or education loan. It simplifies financial planning by providing the monthly payment amount you need to make over a specific tenure.
With the help of this calculator, you can:
- Know how much you'll pay monthly
- See the total interest payable
- View a detailed amortization table
- Compare different loan terms quickly
📊 How Does an EMI Calculator Work?
The EMI is calculated using this formula:
EMI = [P × R × (1+R)N] / [(1+R)N−1]
Where:
- P = Loan amount (Principal)
- R = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
- N = Loan tenure in months
This formula ensures that each EMI consists of both interest and principal components. Early EMIs contribute more toward interest, while later EMIs contribute more toward the principal.
📈 Features of Our Online Loan EMI Calculator
Our free EMI calculator includes:
- ✅ Monthly EMI Result
- ✅ Total Interest Payable
- ✅ Total Payment (Principal + Interest)
- ✅ Interactive Doughnut Chart (Principal vs Interest)
- ✅ Amortization Table (Monthly breakdown)
- ✅ PDF Download for record-keeping
- ✅ Tenure Input in Years + Months for flexibility
📋 Example: EMI Calculation for ₹5,00,000 at 8.5% for 5 Years
| Details | Value |
|---|---|
| Loan Amount | ₹5,00,000 |
| Annual Interest Rate | 8.5% |
| Loan Tenure | 5 years |
| Monthly EMI | ₹10,252.37 |
| Total Interest | ₹1,15,142 |
| Total Payment | ₹6,15,142 |
This example helps users visualize the real cost of a loan over time.
📌 Benefits of Using a Loan EMI Calculator
1. 🧮 Accurate and Instant Results
No need to manually calculate. Results are shown immediately.
2. 📅 Helps in Planning
Knowing the EMI in advance helps manage monthly budgets and decide the ideal loan amount or tenure.
3. 🔄 Compares Loan Scenarios
Try different combinations of amount, interest rate, and tenure to find what suits you best.
4. 📥 Export/Download Option
You can save the amortization schedule and EMI summary as PDF for offline use or sharing.
🛠️ How to Use the Loan EMI Calculator
- Enter the loan amount you want to borrow.
- Input the annual interest rate.
- Specify the loan tenure in years and months.
- Click on "Calculate EMI".
- View your results:
- Monthly EMI
- Total Interest
- Total Payment
- Visual Chart
- Amortization Table
- Optional: Click "Download PDF" to save the full loan report.
🤔 What Is an Amortization Table?
An amortization table breaks down every EMI payment into two parts:
- Interest payment
- Principal repayment
It also shows:
- The opening balance before payment
- The closing balance after payment
- Cumulative totals over time
This helps you understand how your loan gets repaid month-by-month.