EMI Calculator
Calculate EMI for home loans, car loans, and personal loans instantly. See monthly EMI, total interest, amortization schedule, and year-by-year breakdown. Free, no sign-up.
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How to Use
Enter loan amount
Type the total loan principal amount you want to borrow.
Set interest rate
Enter the annual interest rate offered by your bank or lender.
Choose loan tenure
Select the repayment period in months or years.
Pick the interest type
Choose Reducing Balance (standard for home, car, and personal loans) or Flat Rate (common for vehicle and gold loans) to match how your lender computes interest.
View results and savings
See your monthly EMI, total interest, total payment, full amortization schedule, and a comparison showing how much you save with reducing balance vs flat rate.
Features
Instant EMI Calculation
Results update in real-time as you type — no need to click a button.
Reducing vs Flat Rate
Switch between reducing balance and flat rate interest methods to match your lender's calculation style.
Savings Comparison
See exactly how much cheaper a reducing balance loan is compared to a flat rate loan for the same principal, rate, and tenure.
Amortization Schedule
Full month-by-month breakdown showing principal, interest, and remaining balance.
Year-by-Year Breakdown
See how much principal vs interest you pay each year of the loan.
Copy & Share
Copy any result with one click. Share your EMI calculation with others.
Frequently Asked Questions
Recommended Reading
Practical guides matched to this calculator, its inputs, and the result users need to trust.
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