Loan EMI Calculator

Calculate your Equated Monthly Installments with detailed amortization schedule and payment breakdown

Loan Details

Enter your loan information to calculate EMI

Loan Amount

$

$10,000 $5,000,000

Interest Rate

%

1% 20%

Loan Term

years

1 year 30 years

Loan Type

🏠

Home Loan

🚗

Car Loan

💼

Personal Loan

Extra Monthly Payment (Optional)

$

Your Loan Summary

$4,300.00

Equated Monthly Installment (EMI)

Monthly Payment Breakdown

Principal Payment $1,800.00

Interest Payment $2,500.00

Total Payment $4,300.00

Remaining Balance $498,200.00

$532,000

Total Interest Payable

$1,032,000

Total Payment

20 years

Loan Tenure

Jun 2043

Payoff Date

Payment Breakdown

Payment Timeline

Amortization Schedule

Month	EMI	Principal	Interest	Total Interest	Balance

Loan Comparison Strategies

Compare Lenders

Always compare interest rates, processing fees, and other charges from multiple lenders before finalizing a loan.

Shorter Tenure

Opt for a shorter loan tenure to save on total interest, even if it means higher EMIs.

Prepayment

Make prepayments when possible to reduce principal and save on interest over the loan term.