Monthly EMI

$506.91

Total Interest Payable

$5,414.60

Total Payment

$30,414.60

Paid off in 5 years (60 EMIs).

Principal vs. interest

Principal$25,000.00(82.2%)
Interest$5,414.60(17.8%)

Balance over time

Year 1: principal $4,236.00, interest $1,846.92, balance $20,764.001Year 2: principal $4,587.59, interest $1,495.33, balance $16,176.412Year 3: principal $4,968.36, interest $1,114.56, balance $11,208.053Year 4: principal $5,380.72, interest $702.20, balance $5,827.334Year 5: principal $5,827.33, interest $255.59, balance $0.005
Principal paid Interest paid Balance leftYears along the bottom

More of each EMI goes to principal than to interest from the very first month.

Amortization schedule

YearPrincipal paidInterest paidBalance
$4,236.00$1,846.92$20,764.00
$4,587.59$1,495.33$16,176.41
$4,968.36$1,114.56$11,208.05
$5,380.72$702.20$5,827.33
$5,827.33$255.59$0.00

Compare loans

Add another offer (a different rate, tenure or bank) to see which costs less, processing fees included.

This loan
Amount
Rate % a year
Tenure (months)5 years
Processing fee
EMI$506.91
Total interest$5,414.60
Fee$0.00
Interest + fee$5,414.60
Total paid$30,414.60
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A loan EMI calculator with full amortization

Free, no sign-up, no credit card, no trial. Enter your loan amount, interest rate and tenure to see your monthly EMI, total interest and total repayment, then drill into a year-by-year schedule.

Instant EMI calculation

See your monthly EMI, total interest, and total repayment update live as you adjust any input.

Full amortization schedule

Browse a year-by-year summary that expands into every month, then print it or download it for Excel or as CSV.

Principal vs. interest breakdown

See how much of your repayment is interest, how the balance falls year by year, and the month principal overtakes interest.

Prepayments and floating rates

Add one-off or yearly prepayments to shorten the loan or lower the EMI, and rate changes that keep the EMI or the tenure.

Compare offers and work backwards

Put up to three loans side by side with processing fees, or find the loan an EMI can afford and the tenure that gives an EMI.

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Every calculation happens in your browser. Your loan details never leave your device.

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Frequently asked questions

What is EMI and how is it calculated?
EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay a loan. It's calculated from the loan amount, annual interest rate, and tenure using the standard reducing-balance formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where r is the monthly interest rate and n is the number of monthly installments.
Does this use flat or reducing-balance interest?
Reducing balance — the standard method for most home, car, personal, and education loans. Interest each month is calculated only on the remaining principal, not the original loan amount, so the interest portion of your EMI shrinks over time while the principal portion grows.
What is an amortization schedule?
A month-by-month (or year-by-year) breakdown of each payment showing how much goes toward interest versus principal, and your remaining balance after each installment.
Does this work for a 0% interest loan?
Yes. With a 0% rate, your EMI is simply the loan amount divided evenly across the tenure, with no interest component.
Is my loan information stored or uploaded anywhere?
No. All calculation happens locally in your browser, and your inputs are autosaved only to this browser's local storage for convenience — nothing is ever sent to a server.
Can I export the full payment schedule?
Yes. The amortization schedule has CSV and Excel downloads, both starting with the loan's terms, and a Print button that prints every month (or saves it as a PDF from the print dialog).
How do prepayments change my loan?
Add a one-off or yearly extra payment under Prepayments and choose whether it should shorten the loan (same EMI, fewer months) or lower the EMI (same end date). The results show the interest saved and how much sooner the loan ends. Shortening the loan usually saves more interest.
Can it handle a floating rate?
Yes. Under Floating rate, add the new rate and the month it starts, as many times as you like, and choose whether the bank keeps your EMI (the tenure moves) or your tenure (the EMI moves). This is how most floating-rate home loans and adjustable-rate mortgages behave.
Can I share or compare loan offers?
Yes. The address bar always describes the loan on screen, so Copy link gives a link that opens the same scenario, prepayments and rate changes included. Compare loans puts up to three offers side by side with their processing fees, and marks the one that costs least.
Is the EMI calculator really free?
Yes — free in the plain sense: nothing to pay, nothing to register for, nothing that lapses after a week. The full amortization schedule is included, not gated behind a paid report or an email capture.
Do I have to create an account first?
No. There's no account system at all, so there's nothing to sign up for and nothing to install. Enter your amount, rate and tenure, and the EMI updates instantly.

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