EMI Calculator
Calculate monthly EMI and amortization schedule for any loan
Disclaimer
EMI shown is approximate and excludes taxes, insurance, registration, and processing fees.
How EMI Calculator Works
Calculate your monthly EMI and view complete amortization schedule for your loan.
Monthly EMI
Fixed payment amount combining principal and interest
Interest Breakdown
See how much you pay towards interest vs principal each month
Complete Schedule
Full amortization table for the entire loan tenure
Total Cost
Understand the true cost of your loan
Pro Tips
- Enter loan amount, interest rate, and tenure
- EMI formula: [P × r × (1 + r)^n] / [(1 + r)^n - 1]
- Interest is higher in initial months, decreases later
- Prepayment can help save interest
Important Notes
• EMI includes only principal and interest, excludes processing fees
• Interest rate may vary: fixed vs floating
• Banks typically process loans within 5-7 working days
• Prepayment penalties may apply in some cases
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