EMI Calculator
Enter the loan amount, annual interest rate and term to see your monthly instalment, total interest and a year-by-year balance.
Free · No sign-up · Private — runs in your browser
Monthly EMI2,003.79
■ Principal■ Interest
100,000.00Principal
20,227.69Total interest
120,227.69Total payment
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | 17,126.31 | 6,919.23 | 82,873.69 |
| 2 | 18,455.87 | 5,589.67 | 64,417.82 |
| 3 | 19,888.65 | 4,156.89 | 44,529.18 |
| 4 | 21,432.65 | 2,612.89 | 23,096.53 |
| 5 | 23,096.53 | 949.01 | 0.00 |
Estimate only. Fees, insurance and rate changes are not included and this is not financial advice.
How to use the EMI / Loan Calculator
- Enter loan amount, interest rate and term.
- Choose years or months.
- Review EMI, total interest and the yearly table.
Why use this emi / loan calculator?
- Works for any currency
- Principal vs. interest split
- Yearly balance table
Frequently asked questions
What is EMI?
EMI (equated monthly instalment) is the fixed amount you pay each month, covering both interest and part of the principal.
What is the EMI formula?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan, r the monthly rate and n the number of months.
Does this include fees or insurance?
No. Results cover interest and principal only, so check your lender’s fees separately. This is an estimate, not financial advice.