🏦 Loan / EMI Calculator

About this Loan / EMI Calculator

The loan EMI calculator shows the fixed monthly payment for any loan, along with the total interest and total amount you will repay. The year-wise table breaks the loan down year by year, showing how much principal and interest you pay each year and how the balance falls, so there are no surprises later.

How to use it

1. Enter the loan amount.
2. Enter the annual interest rate and the term in years.
3. Click Calculate EMI to see the payment and the year-wise summary.

Example

A loan of Rs 500,000 at 10% for 5 years has an EMI of Rs 10,623.52 per month, with total interest of about Rs 137,411 and a total payable of about Rs 637,411.

Frequently asked questions

What is EMI?

EMI is the equated monthly installment: a fixed payment made every month that covers both interest and part of the principal until the loan is fully repaid.

Why is early interest so high?

Interest is charged on the outstanding balance, which is largest at the start. As the balance falls each year, the interest share shrinks and the principal share grows.

Does this include fees or insurance?

No. It covers principal and interest only. Processing fees, insurance or taxes charged by a lender would be extra.

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