Loan EMI Calculator
Estimate monthly EMI, total interest, total repayment, and an amortization schedule.
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Browser-basedWhat this tool does
Estimate a loan's monthly EMI, total interest, total repayment, and month-by-month amortization schedule from principal, annual rate, and loan term. Runs locally in your browser for planning and comparison.
Enter the amount, annual rate, and repayment term to see the monthly payment and how interest changes over time.
What you can do with this tool
Produces an approximately 1,066.19 monthly payment before lender fees or rounding differences.
What to check before relying on the result
- This is a fixed-rate estimate, not a lender quote or financial advice.
- Fees, taxes, insurance, irregular payment dates, extra payments, and variable rates are not modeled.
How to use
- 1
Enter the loan amount, annual interest rate, and term in months.
- 2
Review the monthly EMI, total interest, and total payment.
- 3
Scan the amortization rows to understand how principal and interest change each month.
Use Cases
Compare the same principal across different fixed rates or month counts before requesting formal quotes.
Trace the remaining balance month by month instead of accepting an unexplained monthly-payment figure.
FAQ
How is EMI calculated?
The calculator uses the standard fixed-payment loan formula with the annual rate converted to a monthly rate. If the rate is 0%, it divides principal evenly across the term.
Does this include fees, insurance, or taxes?
No. It uses only the loan amount, interest rate, and term you enter. Add any required fees or taxes separately when comparing real offers.
Can I use this result as financial advice?
No. The result is an informational estimate based on the values you enter. Check the math, fees, taxes, and local rules before making financial decisions.
Useful next steps
Open a nearby browser tool when you need to validate, convert, or reuse the result.