EMI Calculator – Calculate Your Monthly Loan Payments Instantly

Planning to take a loan? Use our Free EMI Calculator to find out your exact monthly payment, total interest, and repayment schedule in seconds. Whether it’s a home loan, car loan, personal loan, or education loan, this tool helps you make informed financial decisions instantly.

Key Features of Our EMI Calculator

Instant EMI Results: Get accurate monthly installment amounts instantly.
Full Amortization Schedule: View month-by-month breakdown of principal and interest.
Prepayment Option: Check how early repayments reduce interest and tenure.
Supports All Loan Types: Works perfectly for personal, car, home, or business loans.
Downloadable Report: Export the complete EMI schedule as a CSV file.
Responsive & Fast: Works smoothly on all devices.
Private & Secure: 100% browser-based with no data collection.

How to Use the EMI Calculator

Enter your Loan Amount (e.g., $10,000 or ₹5,00,000).
Enter the Interest Rate (annual percentage).
Choose the Loan Tenure (in months or years).
Optionally, add Prepayment Details to see how it affects your interest and tenure.
Click Calculate to get your EMI, total interest, and full repayment table.
Use Download CSV to save or share your results.

Benefits of Using This EMI Calculator

Get a clear view of your total repayment amount.
Compare different loan offers with ease.
Plan prepayments to reduce interest costs.
Understand the real cost of borrowing.
Save time — no manual math or spreadsheets required.

Why Use Our EMI Calculator

Our EMI Calculator uses standard financial formulas to give you precise results every time. It’s ideal for borrowers, bankers, students, or anyone planning a loan. Since all calculations happen in your browser, your inputs remain completely private and secure.

Accurate and reliable results
No sign-up or hidden fees
Optimized for both mobile and desktop users
Fast loading and simple interface

Frequently Asked Questions (FAQs)

Q1. What is an EMI?

EMI stands for Equated Monthly Installment. It is the fixed amount you pay every month to repay your loan, including both principal and interest components.

Q2. How is EMI calculated?

EMI is calculated using the formula EMI = [P × R × (1+R)^N] / [(1+R)^N – 1], where P = loan amount, R = monthly interest rate, and N = total number of months.

Q3. Can I calculate prepayments?

Yes. Enter your prepayment details in the calculator to see how much interest you’ll save by paying early.

Q4.Is this EMI Calculator free?

Yes, it’s 100% free to use, with no registration or hidden charges.

Q5. Does this work for all loan types?

Absolutely. It supports home, car, personal, education, and business loans in any currency.

Conclusion

The EMI Calculator helps you plan your finances smartly. Whether you’re comparing bank offers or evaluating repayment options, this free online tool gives you clarity and confidence before taking a loan.