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ADVANCED EMI CALCULATOR

Calculate your monthly loan payments accurately. Get instant visual breakdowns of principal versus interest and export your complete amortization schedule.

Loan Details

₹
%
Years

Repayment Summary

Monthly EMI
₹ 0.00
Total Interest

₹0.00

Total Payment

₹0.00

Principal vs Interest
Principal (50%)
Interest (50%)

Amortization Schedule

Detailed breakdown of your repayment timeline, showing principal and interest components.

Period Opening Balance Principal Paid Interest Paid Closing Balance

About the Free EMI Calculator Online

Home, Car & Personal Loans

Versatile enough to handle any loan type. Simply input your principal amount, interest rate, and tenure to discover your exact Equated Monthly Installment (EMI).

Visual Breakdowns

Easily see how much of your total payment is going towards the principal versus the interest through our instant graphical progress bar breakdown.

Amortization Schedule

An advanced table showing exactly how your loan pays down over time. Toggle between Yearly and Monthly views to see precise interest and principal portions for every single payment period.

100% Privacy & Speed

Like all StoryBrain AI tools, calculations happen entirely locally in your browser. Zero data is sent to external servers, meaning your financial details remain completely private.

Frequently Asked Questions

Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.

The mathematical formula to calculate EMI is: E = P x r x (1+r)^n / ((1+r)^n - 1). Here, P stands for the principal loan amount, r is the monthly interest rate (annual interest rate / 12 / 100), and n is the total number of monthly payments (tenure in months). Our tool handles this complex math instantly.

An amortization schedule is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term. While your EMI stays the same, early payments consist mostly of interest, while later payments pay down more of the principal.