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Loan Calculator - Online EMI & Amortization Schedule Generator

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Loan Calculator — EMI & Amortization Schedule

Loan Details
$
%
Years
Monthly EMI
$0.00
Total Interest
$0.00
Total Payment
$0.00
Payment Breakdown
Principal 0%
Interest 0%
Principal: $0 Interest: $0
Amortization Schedule
# Payment Principal Interest Remaining Balance

Frequently Asked Questions

EMI stands for Equated Monthly Installment. It is the fixed amount a borrower pays each month to repay a loan within a specified time. Each EMI includes both principal and interest components.

The standard formula is 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 total number of months.

An amortization schedule shows the break-up of each EMI into principal and interest, along with the outstanding loan balance after each payment. It helps you understand how the loan is paid off over time.

Yes, most lenders allow prepayment. Prepaying reduces your outstanding principal, which can lower future interest and shorten the loan term. This calculator currently does not include prepayment simulation; you can adjust the principal manually to see the effect.

A higher down payment reduces the loan amount, which directly lowers your EMI and total interest outflow. Use this calculator to experiment with different loan amounts to see the effect.
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