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EMI Calculator

Equated monthly instalment with a principal and interest breakdown.

Calculators Reviews Free · no sign-up
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9%
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YearPrincipal paidInterest paidBalance

Monthly EMI

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Principal—
Total interest—
Total payable—
Interest as % of principal—

Principal vs interest

Quick Tool Overview

The EMI Calculator works out the equated monthly instalment — a fixed payment covering both interest and principal, sized so the loan clears exactly at the end of the term — and shows the split lenders rarely lead with: how much of what you repay is interest rather than the sum you borrowed.

What it does
Calculates the EMI and the full cost of a loan
You give it
A principal, an annual rate and a tenure
You get back
The monthly instalment, total interest and the principal split
Best for
Home, car, personal and education loans
Calculators Free, unlimited use No sign-up Runs in your browser

About the EMI Calculator

An EMI is a fixed monthly payment covering both interest and principal, sized so the loan clears exactly at the end of the term. Enter the principal, the annual rate and the tenure in months or years to get the instalment and the full cost of the loan.

Alongside the number you get the split that lenders rarely lead with: how much of the total you repay is interest rather than the sum you borrowed. On a long tenure at a high rate, interest can approach or exceed the principal itself. The tenure slider makes the trade-off visible, because stretching a loan lowers the monthly instalment while raising the total paid, and seeing both move together is the point of the tool.

Key features of the EMI Calculator

The interest share made obvious

On a long tenure at a high rate, interest can approach or exceed the principal itself — the breakdown shows it plainly.

Tenure slider

Stretching a loan lowers the instalment while raising the total paid, and seeing both move together is the point.

Months or years

Enter the tenure in whichever unit your lender quoted it in.

Total cost of the loan

Principal plus interest, so you know the real number before signing.

Immediate recalculation

Every figure updates as you adjust the inputs, with no submit step.

How to use the EMI Calculator

  1. 1

    Enter the loan amount

    The principal being financed.

  2. 2

    Set the interest rate

    Enter the annual rate your lender quoted. Reducing-balance rates are what this calculator assumes.

  3. 3

    Choose the tenure

    Set the term in months or years and watch the instalment and total interest move in opposite directions.

  4. 4

    Check the breakdown

    The chart and table show how much of your repayment is principal against interest over time.

Frequently asked questions

Equated Monthly Instalment. It is a fixed monthly amount covering both interest and principal repayment, calculated so the loan is fully repaid at the end of the agreed tenure.

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