For a positive interest rate, EMI equals P × r × (1 + r)^n divided by ((1 + r)^n − 1), where P is principal, r is the monthly interest rate, and n is the number of monthly payments.
Calculator
Loan EMI Calculator
Estimate monthly EMI and view how principal, interest, and remaining balance change across a fixed-rate loan term.
- Instant results
- Mobile friendly
- Free to use
Fixed-rate loan estimate
Reducing balance
Calculate loan EMI
Enter the loan values to estimate monthly repayment and amortization.
Estimated monthly EMI—
Principal—
Total interest—
Total payment—
Principal —Interest —
Repayment breakdown
Amortization schedule
| Year | Payment | Principal | Interest | Balance |
|---|
Simple instructions
How to use the EMI Calculator
Follow these steps to get a clear result.
- 1
Enter the principal loan amount.
- 2
Enter the annual interest rate.
- 3
Choose the loan term in years or months.
- 4
Select Calculate EMI and review the repayment summary and schedule.
Frequently asked questions
EMI Calculator FAQ
A lender may use different rounding, payment dates, fees, insurance, taxes, variable rates, or compounding rules. This calculator provides an estimate for a fixed-rate reducing-balance loan.
No. The result includes principal and interest only unless a fee is manually included in the loan amount.
