EMI Calculator

Popular

Calculate EMI for any loan

EMI Calculator

Calculate EMI for any type of loan - car, home, personal, business

Currency

Loan Amount: $100,000

$1,000$1,000,000

Interest Rate: 10%

1%30%

Loan Tenure: 5 years

1 year30 years

Monthly EMI

$2,125

Total Payment

$127,482

Total Interest

$27,482

Loan Tenure

5 years

First Year Amortization Schedule

Month

EMI

Principal

Interest

Balance

$2,125

$1,291

$833

$98,709

$2,125

$1,302

$823

$97,406

$2,125

$1,313

$812

$96,094

$2,125

$1,324

$801

$94,770

$2,125

$1,335

$790

$93,435

$2,125

$1,346

$779

$92,089

$2,125

$1,357

$767

$90,731

$2,125

$1,369

$756

$89,363

$2,125

$1,380

$745

$87,983

$2,125

$1,392

$733

$86,591

$2,125

$1,403

$722

$85,188

$2,125

$1,415

$710

$83,773

How to Use the EMI Calculator

Select Your Currency: Choose from 8 major currencies (USD, EUR, GBP, INR, JPY, AUD, CAD, CNY)
Enter Loan Amount: Input the total loan amount you want to borrow
Set Interest Rate: Enter the annual interest rate offered by your lender
Choose Loan Tenure: Select repayment period in years (1-30 years)
View EMI Results: See your monthly EMI, total payment, and interest breakdown instantly
Review Amortization: Check the first-year payment schedule showing principal vs interest
Download Report: Save your EMI calculation for loan application reference

Advanced EMI Calculator Features

Universal Loan Calculator: Calculate EMI for any type of loan - car, home, personal, business, education
Multi-Currency Support: Calculate EMIs in 8 major global currencies
Flexible Loan Amounts: Support for loans from $1,000 to $1,000,000
Wide Interest Range: Support for interest rates from 1% to 30%
Extended Tenure Options: Repayment periods from 1 to 30 years
Real-Time Calculations: EMI updates instantly as you adjust any parameter
Amortization Schedule: Detailed first-year breakdown of payments
Visual Sliders: Interactive controls for easy parameter adjustment
Download Reports: Export calculation results as text file
Mobile-Responsive: Works perfectly on desktop, tablet, and mobile devices
Privacy-First: All calculations happen in your browser, no data sent to servers
No Registration: Use unlimited times without creating an account
Accurate Formulas: Uses industry-standard EMI calculation methods

Why Use Our EMI Calculator?

EMI (Equated Monthly Installment) is the most common way to repay loans in monthly installments. Our comprehensive EMI calculator helps you understand exactly how much you'll pay each month for any type of loan, making it easier to plan your finances and compare different loan offers from lenders.

Universal Compatibility: Calculate EMI for any loan type - car, home, personal, business, education
Smart Budgeting: Know your exact monthly EMI before committing to any loan
Compare Lenders: Quickly evaluate different loan offers from multiple banks
Save Money: See how different interest rates and tenures affect total cost
Plan Finances: Understand long-term commitment before signing loan agreements
Multi-Currency: Calculate loans in your preferred currency
Export Results: Download calculations for loan application documentation

Who Should Use This EMI Calculator?

Loan Shoppers

Anyone comparing multiple loan offers from different banks and lenders. Calculate EMI for various interest rates and tenures to find the best deal for your financial situation.

Financial Planners

Financial advisors and planners helping clients understand loan affordability. Calculate EMI impact on monthly cash flow and long-term financial goals.

Business Owners

Entrepreneurs evaluating business loans and working capital financing. Calculate EMI for equipment purchases, expansion projects, and operational financing needs.

Students & Parents

Students and parents planning education financing. Calculate EMI for education loans and compare different repayment options available after graduation.

Understanding EMI Calculations

EMI (Equated Monthly Installment) is a fixed monthly payment that includes both principal and interest portions of a loan. Our calculator uses the standard EMI formula to compute monthly payments based on the loan principal, annual interest rate, and repayment tenure. This is the same formula used by banks and financial institutions worldwide.

Key EMI Terms Explained:

Loan Principal: The actual amount you borrow (loan amount minus any fees)
Interest Rate: Annual percentage rate charged by the lender
Loan Tenure: Total repayment period in years or months
EMI: Fixed monthly payment covering both principal and interest
Total Interest: Total amount paid to lender beyond the principal
Amortization: Schedule showing how each EMI splits between principal and interest
Prepayment: Option to pay additional amount towards principal to reduce future EMIs

EMI Calculator FAQs

How accurate is this EMI calculator?

Our calculator uses the exact EMI formula that banks and financial institutions use worldwide. Results are mathematically precise based on the inputs provided. Always verify final numbers with your lender as they may include additional fees, processing charges, or different calculation methods.

What's the difference between EMI and simple interest?

EMI uses compound interest calculation where interest is charged on the outstanding principal each month. Simple interest is calculated only on the original principal amount. EMI is more common for loans as it ensures regular payments and helps lenders recover interest throughout the loan tenure.

Can I prepay my loan to reduce EMI?

Yes, most loans allow prepayment. When you prepay, the principal amount reduces, which lowers future interest charges. This can either reduce your monthly EMI (keeping tenure same) or reduce the loan tenure (keeping EMI same). Check with your lender about prepayment charges or penalties.

Is my financial data safe?

Absolutely! This calculator runs entirely in your web browser using JavaScript. Your loan amounts, interest rates, and personal financial information never leave your device. We don't collect, store, or track any data. Your privacy is completely protected.