Loan / EMI Calculator
Work out the monthly payment and lifetime interest on any loan or EMI, with a full repayment schedule.
Your numbers
Result
Yearly schedule
| Period | Principal | Interest | Balance |
|---|
An EMI keeps your payment identical every month while the split inside it shifts: early instalments are mostly interest, later ones mostly principal. This tool shows the payment, the lifetime interest cost, and the full schedule for any personal loan, car loan or EMI.
What drives the payment
Three levers move the EMI — the amount borrowed, the rate, and the term. A longer term lowers the monthly payment but raises total interest, sometimes dramatically. The principal-versus-interest bar shows how much of your total repayment is the genuine cost of borrowing.
Questions, answered
What is an EMI?
An equated monthly instalment is a fixed payment that fully repays a loan over its term. Each payment covers the month's interest first, and the remainder reduces the outstanding balance.
Does a longer term save money?
It lowers the monthly payment but increases total interest, because you borrow for longer. Compare a few terms here to see the trade-off before committing.
Are fees included?
No. Many loans carry processing or origination fees and possible prepayment penalties. Those are separate from the interest math shown here.
Can I model early repayment?
This page shows the standard schedule. To see the impact of overpaying, the mortgage calculator includes an extra-payment field that applies to any amortizing loan.