Quickly calculate your Equated Monthly Installment (EMI) with detailed amortization schedules.
Monthly EMI:
Total Interest:
Total Payment:
| Month | EMI | Principal | Interest | Balance |
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An Equated Monthly Installment (EMI) is the fixed amount you pay every month to repay your loan. It includes both principal repayment and interest charged by the lender.
In the early stages of your loan, a larger portion of your EMI goes toward interest. As time progresses, more of your payment is applied toward reducing the principal amount. This process is known as amortization.
Your EMI amount depends on three key factors: loan amount, interest rate, and loan tenure. Longer tenures reduce monthly EMI but increase total interest paid over time.
Using a loan calculator helps you plan repayments efficiently, compare loan options, and avoid overpaying in interest.