💰 Loan EMI Calculator

Calculate your monthly EMI and view the payment schedule!

About Our Loan EMI Calculator

Our Loan EMI Calculator helps you quickly calculate your Equated Monthly Installment (EMI) for various types of loans, including home loans, car loans, and personal loans. Understanding your EMI is crucial for financial planning.

How Does It Work?

EMI (Equated Monthly Installment) is the fixed amount paid by a borrower to a lender at a specified date each month. It covers both the principal loan amount and the interest accrued. Our calculator uses the following formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

P: Principal Loan Amount
R: Monthly Interest Rate (Annual Rate / 12 / 100)
N: Loan Tenure in Months (Years x 12)

To use the calculator:

Select Currency: Choose your desired currency symbol.
Enter Loan Amount: Input the total principal amount you wish to borrow.
Enter Interest Rate (%): Provide the annual interest rate offered by your lender.
Enter Loan Tenure (Years): Specify the repayment period in years.
Calculate: Click the "Calculate EMI" button.
View Results: The tool will display your monthly EMI, total interest payable, total payment, and a detailed amortization schedule. A chart will also visualize the principal and interest components.

Key Features:

Calculates EMI quickly and accurately.
Generates a detailed amortization schedule (payment breakdown).
Visualizes principal and interest with an interactive chart.
Supports multiple currencies.
Option to copy results.
Option to download results as a PDF (including schedule and chart).

Disclaimer: This calculator provides an estimate for informational purposes only. The actual EMI and loan terms may vary based on your lender's specific policies, additional charges, and fluctuations in interest rates. For precise loan details, please consult your financial institution or a qualified financial advisor.