Free EMI Calculator Online

Calculate Equated Monthly Installments (EMI) for loans. See complete amortization schedule.

Monthly EMI

₹10,258

Total Interest

₹1,15,496

Total Payment

₹6,15,496

Principal (81.2%)Interest (18.8%)

Calculate your Equated Monthly Installments (EMI) for any loan with our free online EMI Calculator. Enter the loan amount, interest rate, and tenure to see your monthly payment, total interest, and total amount payable. View the complete amortization schedule showing how each payment is split between principal and interest. Supports both month and year tenure inputs. Essential for planning home loans, car loans, personal loans, and education loans.

How to Use EMI Calculator

1

Enter Loan Details

Input the loan amount, annual interest rate, and loan tenure in months or years.

2

View EMI Breakdown

See your monthly EMI, total interest payable, and total payment amount with a visual breakdown.

3

Check Amortization Schedule

Toggle the amortization schedule to see month-by-month principal and interest breakdown.

Features

Instant EMI Calculation

Get your EMI amount instantly as you adjust loan parameters.

Visual Breakdown

See principal vs interest split with an intuitive progress bar.

Amortization Schedule

View detailed month-by-month repayment schedule.

Flexible Tenure

Enter loan tenure in either months or years.

Benefits of Using EMI Calculator

Completely Free

Use EMI Calculator without any cost, limits, or hidden fees. No premium plans needed.

No Installation

Works directly in your browser. No software downloads or plugins required.

100% Private

Your files and data are processed locally. Nothing is uploaded to external servers.

Works Everywhere

Compatible with Chrome, Firefox, Safari, Edge on desktop, tablet, and mobile.

No Sign-Up

Start using the tool immediately. No account creation or email verification.

Always Available

Access this tool 24/7 from anywhere in the world, on any device.

Frequently Asked Questions

EMI (Equated Monthly Installment) is the fixed monthly payment made to repay a loan. It includes both principal repayment and interest charges, calculated using the loan amount, interest rate, and tenure.
EMI is calculated using the formula: EMI = P * r * (1+r)^n / ((1+r)^n - 1), where P is the principal amount, r is the monthly interest rate, and n is the number of monthly installments.
Yes, a longer tenure reduces the monthly EMI amount but increases the total interest paid over the life of the loan.