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Free EMI Calculator

Calculate your monthly loan EMI on a reducing-balance basis with a full amortization schedule, principal-vs-interest breakdown, and prepayment savings, formatted in Indian rupees.

Works offline once loaded
Loan type (sets sensible defaults)
β‚Ή50.00 L
β‚Ή50 Kβ‚Ή2 Cr

240 months total

Prepayment (optional)
Monthly EMI
β‚Ή43,391
Reducing-balance method Β· 20 yrs
Interest52%
Principal
β‚Ή50,00,000
Total interest
β‚Ή54,13,879
Total payment (principal + interest)
β‚Ή1,04,13,879
Principal 48%Interest 52%
Estimate only β€” not financial or tax advice. Actual EMIs depend on your lender's exact rate, compounding, fees, processing charges, and prepayment rules. Verify with your bank before deciding. (Calc v2026.06)

Calculations run entirely in your browser β€” nothing you type is uploaded.

How It Works

This EMI calculator works out the fixed monthly installment (EMI) for home, car, personal, or education loans using the standard reducing-balance method used by Indian banks, then shows exactly how each payment splits between principal and interest over the life of the loan.

  1. 1
    Pick a loan type or enter your own figures
    Choose a Home, Car, Personal, or Education preset to load sensible defaults, or type your loan amount (with a quick slider), annual interest rate, and tenure in years or months.
  2. 2
    See your EMI instantly
    The monthly EMI is computed live as EMI = P*r*(1+r)^n / ((1+r)^n - 1), where r is the monthly rate and n is the number of months. Zero-interest loans simply divide the principal across the months.
  3. 3
    Explore the breakdown
    A donut chart splits total principal versus total interest, and an amortization table shows each year's principal, interest, and remaining balance, expandable to month-by-month detail.
  4. 4
    Model prepayments
    Add a one-time lump sum at a chosen month or a recurring monthly extra to see how much interest you save and how many months you shave off your tenure.
  5. 5
    Copy or share
    Copy a clean text summary of your EMI, totals, and savings, or share it directly from your device.

Every calculation runs entirely in your browser using JavaScript. Your loan amount, rate, and tenure are never uploaded to any server.

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Frequently Asked Questions