🏦 EMI Calculator

Calculate your monthly loan EMI, total interest payable, and view the full amortization schedule. Results update in real-time as you type.

Loan Details

= 60 months
Total tenure: 5 years 0 months

Results

Monthly EMI
$20,518
Total Interest Payable
$2,309
Total Payment
$52,309

Amortization Schedule

Showing first 12 months of your repayment schedule.

# Opening Balance EMI Principal Paid Interest Paid Closing Balance

Free Loan EMI Calculator — How It Works

This EMI calculator helps you figure out exactly what your monthly loan payment will be before you commit. Enter the loan amount, interest rate, and repayment period — the calculator instantly shows your monthly EMI, total interest payable, and the full amortization schedule (first 12 months). It works for any type of loan: car loans, home loans, personal loans, or business loans. All calculations use the standard EMI formula: P × r × (1+r)^n / ((1+r)^n − 1), where P is the principal, r is the monthly interest rate, and n is the number of monthly installments. The results update in real time as you type, and you can copy the full repayment summary to your clipboard with one click.

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