| Year | Principal (₹) | Interest (₹) | Total Payment (₹) | Balance (₹) |
|---|
An EMI (Equated Monthly Instalment) is the fixed amount you pay to your lender every month until a loan is fully repaid. This free calculator helps you plan home loans, car loans, personal loans and more by instantly showing your monthly EMI, the total interest you will pay, and the total amount payable over the loan tenure.
It uses the standard reducing-balance method, where interest each month is charged only on the outstanding principal. The included amortization schedule shows exactly how each payment splits between principal and interest over time.
EMI is calculated using the formula EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments.
It is a table that breaks down every instalment into its principal and interest components and shows the remaining loan balance after each payment.
No. All calculations run entirely in your browser. No data is sent to any server.