Calculators
EMI Calculator
Loan EMI, total interest and a full amortisation schedule.
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About this emi calculator
An EMI (equated monthly instalment) is a fixed monthly payment that covers both interest and principal. Early payments are mostly interest; later ones are mostly principal.
This calculator uses the standard reducing-balance formula and shows the year-by-year breakdown so you can see exactly how the balance falls.
How to use it
- Enter the loan amount.
- Enter the annual interest rate and the tenure in months or years.
- Read your EMI, total interest and total payable, then expand the schedule.
EMI Calculator — FAQ
What formula is used?
EMI = P x r x (1+r)^n / ((1+r)^n - 1), where r is the monthly rate and n the number of months.
Does it include processing fees?
No. Banks charge those separately, so add them to your own total.
Is this financial advice?
No. It is a maths tool. Check the actual figures with your lender before committing.
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