Loan EMI Calculator
Compute exact Equated Monthly Installments (EMI), total interest paydown, and comprehensive principal amortization schedules for home, car, personal, or education loans.
Monthly EMI: —
Your loan principal will be completely repaid in monthly reducing-balance installments.
Principal vs Interest Share
Amortization Trajectory
Year-by-year remaining principal balance vs cumulative interest paid
Year-by-Year Amortization Schedule
| Year | Opening Principal | Annual EMI Paid | Interest Paid | Principal Repaid | Closing Balance |
|---|
What is EMI?
An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month until the loan is fully paid off.
Reducing Balance Method
In reducing balance loans, interest is calculated each month on the remaining outstanding principal. Early EMIs pay more interest, while later EMIs pay more principal.
Prepayment Benefits
Making partial prepayments directly reduces your outstanding principal, significantly cutting your total interest burden and shortening your loan tenure.