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Loan EMI Calculator
Calculate your monthly EMI instantly. Trusted by 1,00,000+ users.
2,34,892+ Calculations
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Enter Loan Details
₹10,00,000
₹10K
₹50L
₹1Cr
₹2Cr
₹5Cr
8.5%
1%
5%
10%
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20%
20 Years
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5Y
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30Y
Loan EMI Breakdown
Monthly EMI
₹0
Total Interest
₹0
Total Payment
₹0
Principal Amount
₹0
Total Months
0
Payment Distribution (Yearly)
Yearly Breakdown (Principal vs Interest)
| Year | Principal | Interest | Balance |
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What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay monthly to your lender until the loan is fully paid. It includes both principal and interest components.
Formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
How to Use EMI Calculator?
1
Enter Loan Amount
Use slider or quick amount buttons to set your principal amount.
2
Set Interest Rate
Adjust interest rate slider smoothly from 1% to 20% annual rate.
3
Choose Tenure
Select the total loan repayment duration from 1 to 30 years.
4
Get Results
View EMI breakdown, dynamic bar charts, and amortization schedules instantly.
Frequently Asked Questions
How is EMI calculated?
EMI is calculated using the standard mathematical formula:
EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P is the Loan Principal Amount, R is the Monthly Interest Rate (Annual Rate / 12 / 100), and N is the Loan Tenure in Months.
Is this calculator free?
Yes, it is completely free with unlimited calculations. No registration, payment, or personal data submission is required.
Can I calculate different loan types?
Yes, you can calculate Home Loans, Car Loans, Personal Loans, Education Loans, Business Loans, or Gold Loans accurately using this calculator.
What is the maximum loan amount?
You can calculate up to ₹5 Crore (₹50,000,000) with this online calculator tool.
How does loan tenure affect total interest payable?
A longer loan tenure lowers your monthly EMI amount, but significantly increases the total interest paid over the life of the loan. A shorter tenure increases the monthly EMI but minimizes the total interest payout.
What is an amortization schedule?
An amortization schedule is a complete table showing the breakdown of every payment made towards reducing the principal loan balance versus paying accrued interest over time.
Can I print or save my loan calculation?
Yes! You can click the "Print" button to directly send the calculation sheet to your printer or use "Save as PDF" to download it for your records.