Loan EMI Calculator: Monthly Payment & Schedule
Monthly instalment, total interest and a full repayment schedule for home, car, personal and business loans in any currency
Loan / EMI Calculator
How to use this calculator
Enter the loan amount and choose your currency.
Enter the annual interest (or profit) rate and the loan term in years or months.
See the monthly payment (EMI), total interest and a yearly or monthly repayment schedule.
Frequently Asked Questions
EMI (equated monthly instalment) is the fixed amount you pay every month. Early payments are mostly interest; later payments are mostly principal.
Choose a shorter term, make a larger down payment or prepay part of the principal. Even small prepayments early in the loan save a lot of interest.
Yes, if the bank quotes an annual rate (or profit rate) on a reducing balance. Check for insurance, processing fees and other charges, which are not included.
No. A flat rate charges interest on the full original amount for the whole term, so its real cost is much higher than the same reducing-balance rate.
Results are estimates for general information only. Rates, rules and bank charges differ by country and provider. Consult Chinnar Business Advisors for professional advice.