Loan EMI Calculator
Calculate Equated Monthly Installment (EMI) for personal, home, car, or education loans. Get instant EMI breakdown with principal, interest, and total payment schedule for any loan amount and tenure.
PopularAdvertisement
Loan Information
$
Total amount you want to borrow
% per year
Annual interest rate
Your EMI
Monthly EMI
$2,124.70
Principal Amount
$100,000.00
Total Interest
$27,482.27
Total Amount Payable
$127,482.27
Payment Breakdown
How EMI Calculator Works
The EMI calculator uses the reducing balance method to calculate your monthly installment. This means interest is calculated on the outstanding principal balance, which decreases with each payment.
Your monthly EMI remains constant throughout the loan tenure, but the proportion of principal and interest changes. Initially, interest is higher, and towards the end, principal repayment is higher.
Frequently Asked Questions
Advertisement