EMI Calculator
Runs entirely in your browser
Calculate your monthly loan installment (EMI), see a principal vs. interest breakdown, and view the full amortization schedule — updated live as you adjust the sliders. Everything is calculated directly in your browser.
Amortization Schedule
| Year | Principal Paid | Interest Paid | Total Payment | Balance |
|---|
How to use EMI Calculator
- Enter or drag the slider for the loan amount you want to borrow.
- Enter the annual interest rate offered by your lender.
- Enter the loan tenure in years or months.
- Your monthly EMI, total interest and total amount update instantly. Scroll down for the full amortization schedule.
Features
- Works for home loans, car loans, personal loans and more.
- Sliders and number fields for quick, precise input.
- Live results as you adjust loan amount, rate or tenure.
- Enter tenure in years or months.
- Shows monthly EMI, principal, total interest and total amount payable.
- Donut chart breakdown of principal vs. interest.
- Full yearly or monthly amortization schedule.
- 100% client-side — your loan details are never sent to a server.
Frequently Asked Questions
How is EMI calculated?
EMI Calculator uses the standard reducing-balance formula: EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly installments.
Does the result include processing fees or other charges?
No. This calculates EMI based only on the loan amount, interest rate and tenure you enter. It does not include processing fees, insurance, taxes or other charges your lender may add.
Can I use this for a home loan, car loan or personal loan?
Yes. It works for any fixed-rate loan repaid in equal monthly installments, including home loans, car loans, personal loans and education loans.
What if my lender charges a floating interest rate?
This calculator assumes a fixed interest rate for the full tenure. For a floating-rate loan, your actual EMI can change over time if the rate changes — use this as an estimate at your current rate.
What is an amortization schedule?
It's a breakdown of every payment over your loan tenure, showing how much goes toward principal and how much toward interest each year or month, along with your remaining balance. Early payments are interest-heavy; later payments pay down more principal.
Is my loan information sent to a server?
No. All calculations happen directly in your browser. The numbers you enter are never uploaded, saved or sent anywhere.