Free browser tool
Loan EMI Calculator
Enter the loan amount, the annual interest rate and the loan term to see your equated monthly instalment (EMI), the total interest you would pay and how each payment splits between interest and principal. Works with any currency.
Built with love by Shushant Lakhyani. Building bestproductivityresources.com
- Monthly EMI
- 10,379.18
- Total interest
- 122,750.66
- Total payment
- 622,750.66
Amortisation schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | 82,915.01 | 41,635.12 | 417,084.99 |
| 2 | 90,693.01 | 33,857.12 | 326,391.98 |
| 3 | 99,200.64 | 25,349.49 | 227,191.34 |
| 4 | 108,506.35 | 16,043.79 | 118,684.99 |
| 5 | 118,684.99 | 5,865.14 | 0.00 |
Formula: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of monthly instalments. This is the standard reducing-balance method with a fixed rate; at 0% the EMI is P ÷ n. Results exclude processing fees, insurance, taxes, prepayments and rate changes, and your lender may round or calculate differently, so check your loan agreement. This is an estimate for illustration only, not a loan offer or financial advice.
Built with love by Shushant Lakhyani. Building bestproductivityresources.com
Private by design. This tool runs entirely in your browser. Nothing you enter or select is uploaded, saved, logged or shared, no AI service is used, and closing the tab clears everything.
Disclaimer. This free tool is provided "as is", without warranties of any kind, for general information and convenience. Results are estimates for general information only and are not financial, investment, tax, legal or accounting advice. Real rates, fees and rules vary; speak to a qualified professional before making decisions. You use it at your own risk. See the Disclaimer, Terms of Use and Privacy Policy.
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