Loan details
Results
Amortization preview (first 12 months)
| # | EMI | Principal | Interest | Balance |
|---|
Home, car, and personal loan EMI
This free EMI calculator helps you compare monthly payments before you talk to a bank. Adjust principal, annual rate, and tenure (years or months) to see EMI, total interest, and total repayment, plus an amortization preview for the first year.
Also try the SIP calculator for mutual fund estimates, or GST & split bill for everyday tax math.
Frequently asked questions
How is EMI calculated?
EMI uses the standard reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n is the number of months.
Is this financial advice?
No. Results are estimates for education and comparison only. Your lender’s schedule may differ due to fees, rounding, or rate resets.
Can I switch years and months?
Yes. Choose Years or Months for tenure; the calculator converts to months internally.
What does the amortization preview show?
The first 12 months of principal, interest, and remaining balance, plus totals for the full tenure.
Zero interest loans?
If the annual rate is 0%, EMI is simply principal divided by the number of months.