Loan EMI Calculator
Planning to take a loan? Our Loan EMI Calculator helps you calculate your Equated Monthly Installment (EMI) instantly. Whether it's a home loan, car loan, or personal loan, knowing your exact monthly outflow is crucial for smart financial planning.
Simply enter your loan amount, interest rate, and tenure to get a detailed breakdown of your repayment schedule. Understand how much of your payment goes towards the principal versus interest, and visualize your loan journey with our dynamic charts.
Key Features
Instant Calculation
Get precise EMI figures immediately upon entering your loan details.
Amortization Schedule
View a month-by-month breakdown of your payments, splitting principal and interest components.
Downloadable Report
Export your complete loan schedule as a CSV file for offline reference or Excel analysis.
Interactive Visuals
See the ratio of principal to interest clearly with intuitive progress bars.
How to Use This Tool
- ✓Enter the 'Loan Amount' you wish to borrow.
- ✓Input the annual 'Interest Rate' offered by your bank.
- ✓Set the 'Loan Tenure' in years or months.
- ✓Click 'Calculate EMI' to see your monthly payment.
- ✓Scroll down to view payment breakdowns and click 'Show Schedule' for monthly details.
Frequently Asked Questions
What is EMI?
EMI stands for Equated Monthly Installment. It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.
How does tenure affect my EMI?
A longer tenure reduces your monthly EMI amount but increases the total interest you pay over the life of the loan. Conversely, a shorter tenure increases your EMI but saves you money on interest.
Can I use this for any type of loan?
Yes, this calculator works for most standard term loans including home loans, car loans, education loans, and personal loans that follow a standard reducing balance method.
Financial decisions should never be a guessing game. Use our Loan EMI Calculator to plan your budget confidently and choose the loan tenure that fits your pocket perfectly.