EMI Calculator

Calculate monthly EMI for any loan — home, car, personal, education — with dynamic sliders, full amortization schedule, and loan comparison.

Loan Amount ₹ 50,00,000

₹10K ₹1Cr

Annual Interest Rate 8.5%

1% 30%

Loan Tenure 20 Years

1 Year 30 Years

💡 Extra monthly prepayment (optional)

Monthly EMI

—

per month

Total Interest

—

0% of principal

Total Payment

—

over 0 months

Principal: —

Interest: —

Prepayment savings: —

Monthly EMI in Words

—

Amortization Schedule

Month	EMI	Principal	Interest	Balance
Adjust sliders above to generate schedule

Compare Loan Options

Enter up to 3 loan scenarios to compare EMI, total interest, and total payment side by side.

Loan A

Amount (₹)

Rate (%)

Tenure (months)

Loan B

Amount (₹)

Rate (%)

Tenure (months)

Loan C

Amount (₹)

Rate (%)

Tenure (months)

What Loan Can I Afford?

Enter the EMI you can comfortably pay each month — we'll calculate the maximum loan amount you can borrow.

Monthly EMI Budget (₹)

Interest Rate (%)

Tenure (months)

Developer JSON Mode

Structured loan data for developers. Updates in real-time as you adjust parameters.

// JSON output will appear here

How EMI is Calculated

The Formula

EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1) where P = principal, r = monthly rate, n = number of months. Our engine uses this reducing-balance method — the same as banks.

Principal vs. Interest

In the early months, most of your EMI pays interest. Over time, the principal portion increases. The donut chart above shows the exact split for your loan.

Prepayment Impact

Even a small extra monthly payment significantly reduces total interest paid and shortens the loan tenure. Use the extra payment field above to simulate the savings.

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