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Loan EMI Calculator
Monthly loan payment, total interest and yearly breakdownBefore you sign any loan document, three numbers decide whether the deal is fair: the monthly payment, the total interest, and the total leaving your pocket. This EMI calculator delivers all three instantly.
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Use Loan EMI Calculator
Monthly loan payment, total interest and yearly breakdown
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A rate of 0 is fine for interest free loans.
Monthly EMI: $ 202.76
Tenure
60 months
Total payment
$ 12,165.84
Total interest
$ 2,165.84
Yearly repayment breakdown
| Year | Principal paid | Interest paid | Balance at year end |
|---|---|---|---|
| 1 | $ 1,694.40 | $ 738.77 | $ 8,305.60 |
| 2 | $ 1,835.04 | $ 598.13 | $ 6,470.56 |
| 3 | $ 1,987.34 | $ 445.82 | $ 4,483.22 |
| 4 | $ 2,152.29 | $ 280.88 | $ 2,330.93 |
| 5 | $ 2,330.93 | $ 102.24 | $ 0.00 |
Fees, taxes and insurance charged by a lender are not included. Figures are estimates for planning.
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How to use the Loan EMI Calculator
Set the tenure
Enter the tenure and choose whether it is in years or months.
Review EMI and schedule
Read your EMI, total interest and the year by year repayment table.
// LOAN EMI CALCULATOR · ABOUT THIS TOOL
About the Loan EMI Calculator
Before signing any loan, the three numbers that matter are the monthly payment, the total interest and the total amount you will hand back. This EMI calculator gives you all three instantly, in any currency. The yearly amortization summary shows how payments shift from mostly interest early on to mostly principal later, and the remaining balance each year, so you can plan prepayments and compare lender offers.
Where it helps most
Borrow like someone who read the fine print.
Comparing lenders
Run two offers through the same inputs; a lower rate with fees can cost more than a higher rate without them.
Tenure tradeoffs
Stretching a loan longer drops the monthly EMI but raises total interest; the calculator shows both so the tradeoff is explicit.
Prepayment modeling
Model a prepayment by shortening the tenure and watch the interest savings appear before you commit the extra cash to the lender.
Zero-interest loans
Zero-interest loans are handled correctly here instead of breaking the formula the way some calculators do, with the math done right.
Reading the table
Where the real story sits.
Year by year
The yearly amortization table simulates the loan month by month and summarizes how much went to principal, interest and remaining balance.
Early years are interest-heavy
Interest is charged on the outstanding balance, which is highest at the start, so as the balance falls more of each fixed EMI attacks the principal.
Tenure in years or months
Tenure can be entered in years or months, whichever way your lender quoted it, and the math adapts without conversion headaches.
Loan EMI Calculator: built for trust
Compare offers side by side before visiting the bank. Remember fees, taxes and insurance sit outside the EMI itself.
Loan EMI Calculator FAQs
Your EMI comes from three inputs: the loan amount, the annual interest rate and the tenure. The annual rate is first converted to a monthly rate (divided by 1200), then the standard reducing-balance formula spreads the total repayment evenly across every month of the tenure. With zero interest, the EMI is just the principal divided by the number of months.