EMI Calculator
Calculate your Equated Monthly Installment for home, car, or personal loans with full amortization schedule.
How to use this tool
1
Open EMI Calculator
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2
Enter your data
Paste or type your input. Results appear instantly.
3
Copy or download
Export your result with one click — ready to use anywhere.
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FAQ
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay a loan. It includes both principal repayment and interest.
What is the EMI formula?
EMI = P × r(1+r)^n / ((1+r)^n - 1), where P = principal, r = monthly interest rate, n = number of months.
How does the amortization schedule work?
In early months most of your EMI goes toward interest. Over time more goes toward principal. This is called front-loaded amortization.
What happens if I make a prepayment?
Prepayments reduce your outstanding principal, which reduces total interest paid. Either your EMI drops or your tenure shortens depending on the lender.
Does the calculator support all loan types?
Yes — home loans, car loans, personal loans, and education loans all use the same EMI formula. Just enter the principal, rate, and tenure.
What is the difference between flat rate and reducing balance rate?
Reducing balance (used here) charges interest only on the outstanding principal — it is the standard method. Flat rate charges interest on the full original amount throughout, making it more expensive.
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