Loan & EMI calculator. The true cost, before you sign.

How to use the Loan & EMI Calculator

This calculator works out the fixed monthly payment (EMI) on a loan, the total interest and the total you repay. It uses the standard reducing balance formula with monthly payments and builds a month by month amortization schedule you can view or export. It is for anyone weighing a home, car, personal or business loan.

Step by step

1. 1
   Choose how you enter the term

   Under Loan term in, pick Years or Months. The term box label changes to match. Years can include a fraction, such as 2.5; it is rounded to the nearest whole month.

2. 2
   Pick a currency

   Choose a symbol from the Currency menu, or None. It only changes how amounts are shown; the math is the same for every currency.

3. 3
   Enter the loan details

   Type the Loan amount (principal), the Annual interest rate % and the term. The fields start empty; the gray examples are 250000, 7.5 and 30. Use 0 as the rate for an interest free loan.

4. 4
   Read the payment

   As soon as all three fields hold valid numbers, the result card shows the Monthly payment (EMI), the Principal, the Total interest and the Total of payments, with a ring showing how much of the total is interest.

5. 5
   Check the schedule

   Press Show amortization schedule to see every month's payment, principal, interest and remaining balance. Press Export schedule (CSV) to download it as loan-amortization-schedule.csv.

Reading the result

• A loan of 250,000 at 7.5% for 30 years gives an EMI of 1,748.04. Over 360 payments you repay 629,293.06, of which 379,293.06 is interest, so the ring shows 40% principal and 60% interest.
• The same loan over 15 years costs 2,317.53 a month but only 167,155.56 in interest. A shorter term raises the payment and cuts the total cost.
• In the schedule, early payments are mostly interest. In the 30 year example the first payment is 1,562.50 interest and only 185.54 principal; the split reverses as the balance falls.
• The last row is worked out to clear whatever balance is left, so the schedule always ends at a balance of exactly zero.
• The CSV starts with a summary of the loan amount, rate, term in months, EMI and totals, then one row per month. Amounts in it are plain numbers; the currency symbol, if you chose one, appears once in the summary.

Tips and common mistakes

• Enter the nominal annual rate your lender quotes. The calculator divides it by 12 for the monthly rate and does not add fees, insurance or taxes, so your real payment can be higher.
• Check that the Years or Months toggle matches what you typed. A term of 30 with Months selected is a two and a half year loan.
• The term is limited to 1,200 months (100 years). The loan amount must be above zero and the rate cannot be negative; the result card tells you which input to fix.
• To compare two offers, run them one after the other and note the Total interest, which is the real cost of borrowing.

Privacy and limits

All calculations run in your browser. Nothing you enter is sent anywhere, and the page saves nothing, so closing the tab clears it. The schedule assumes a fixed rate and equal monthly payments with no extra or missed payments.

Back to the tool

Every number, up front.

• Calculate your monthly EMI for any home, car, or personal loan in seconds, it updates live as you type.
• Compare loan terms by switching between years and months to see how duration changes the cost.
• See the true total cost: principal plus every unit of interest over the full term, with a principal-vs-interest donut.
• View a full amortization schedule showing payment, principal, interest and remaining balance for every month.
• Export to CSV and open the schedule in Excel or Google Sheets for deeper analysis.
• Switch currency, USD, EUR, GBP, INR, JPY, AUD, CAD or plain numbers, to match your loan country.

Frequently asked questions.

More business math.

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