Calculate your loan EMI with a detailed month-by-month amortization schedule showing principal, interest, and remaining balance for every payment. Plan prepayments and visualize your loan journey.
The chart shows the total principal vs interest you'll pay over the life of the loan.
Enter your loan amount, interest rate, and tenure to calculate your EMI and see the complete amortization schedule.
Calculate EMI to view the month-by-month payment schedule.
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Input your loan amount, annual interest rate, and loan tenure in years.
Click "Calculate EMI" to instantly see your monthly payment and full amortization schedule.
Review the month-by-month breakdown showing principal, interest, and remaining balance for every payment.
Loan amortization is the process of paying off a loan through regular, scheduled payments over time. Each payment includes both principal (the original loan amount) and interest (the cost of borrowing). An amortization schedule shows exactly how each payment is split between principal and interest, and how the outstanding balance decreases over time.
EMI (Equated Monthly Installment) is calculated using the formula: EMI = [P × r × (1+r)^n] / [(1+r)^n - 1], where P is the principal loan amount, r is the monthly interest rate (annual rate / 12 / 100), and n is the total number of monthly payments (tenure in years × 12). This formula ensures that each payment is equal throughout the loan term, with the principal-to-interest ratio changing over time.
In the early months of your loan, a larger portion of each EMI payment goes toward interest, with less reducing the principal. As you continue making payments, this ratio gradually shifts—more of each payment goes toward principal and less toward interest. By the final payments, you're paying mostly principal with minimal interest. This is because interest is calculated on the remaining loan balance, which decreases with each payment.
See exactly where every dollar of every payment goes with a detailed month-by-month breakdown showing principal, interest, and remaining balance.
Identify the best times to make extra principal payments to maximize interest savings and shorten your loan term.
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Understand your long-term payment obligations and plan your budget accurately with precise EMI calculations and schedules.
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