EMI Calculator
Finance & InvestmentCalculate loan EMI, total interest and repayment total.
Runs entirely in your browser — nothing is uploaded
Features
- Standard reducing-balance EMI formula.
- Interest versus principal split shown as a share of every payment.
- Full amortisation schedule year by year.
- Sliders for instant what-if comparisons.
How to use the EMI Calculator
- 1Enter the principal, annual interest rate and tenure.
- 2Read the monthly EMI and lifetime interest.
- 3Open the schedule to see the yearly balance.
Frequently asked questions
What formula is used?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the monthly rate and n the number of months.
Does it account for prepayment?
Not yet — the schedule assumes every instalment is paid exactly on time with no part-prepayment.