EMI Calculator
Calculate monthly EMI for home, car, and personal loans.
| Year | Principal Paid | Interest Paid | Balance |
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About EMI Calculator
Calculate your Equated Monthly Instalment (EMI) for any loan: home loan, car loan, or personal loan. Enter principal, interest rate, and tenure to see the monthly EMI, total interest payable, and total amount payable. Includes a year-wise amortisation breakdown.
Use Cases
Planning home loan repayments, comparing car loan offers, budgeting personal loan costs, understanding total interest burden before taking a loan.
How It Works
Uses the standard EMI formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is tenure in months.
Frequently Asked Questions
What is EMI?
EMI (Equated Monthly Instalment) is the fixed monthly payment you make to repay a loan over a set period. It includes both principal and interest.
Does the calculator show total interest?
Yes. It shows EMI, total interest payable, and total amount payable (principal + interest).