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§ · free tool
Loan & EMI calculator. The true cost, before you sign.
Monthly payment (EMI), total interest and a full month-by-month amortization schedule with CSV export, computed instantly in your browser, nothing uploaded.
A free online tool by Digital Heroes
Loan term in
Nominal annual rate (APR). Use 0 for an interest-free loan.
| # | Payment | Principal | Interest | Balance |
|---|
Calculated locally, nothing is sent anywhere.
Know exactly what a loan costs, before you sign
The EMI is the fixed monthly payment that clears your loan over the term; early payments are mostly interest, later ones mostly principal. This calculator uses the standard reducing-balance formula and shows every month, so you can see the true total cost of any home, car, personal or business loan. Everything runs in your browser, fast, private and free forever.
§ 02 · what you can do
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.
§ 03 · how to use it
Three inputs, instant answer.
- Enter your loan amount, annual interest rate and loan term, your EMI appears instantly.
- Use the years / months toggle to change the term unit, and pick your currency from the dropdown.
- Read the result card: EMI, total interest and total of payments, plus a donut showing the principal-vs-interest split.
- Click Show amortization schedule to see every monthly payment broken down by principal and interest.
- Click Export schedule (CSV) to download the full table, your data never leaves your device.
§ 04 · faq
Frequently asked questions.
Is the Loan & EMI Calculator free?
Yes, completely free for everyone. No sign-up, no account and no usage limits.
Is it private? Are my numbers uploaded anywhere?
No upload, ever. All calculations run entirely in your browser on your own device, your loan details never leave your computer and nothing is sent to a server.
How is the EMI calculated?
With the standard reducing-balance formula: EMI = P × i × (1+i)ⁿ ÷ ((1+i)ⁿ − 1), where P is the principal, i the monthly rate (annual rate ÷ 12) and n the number of monthly payments. The final payment is adjusted to clear any rounding residue so the balance ends at exactly zero.
Can I export the amortization schedule?
Yes, the Export schedule (CSV) button downloads the full table with a summary header (loan amount, rate, term, EMI, totals) plus one row per month. It opens directly in Excel, Numbers or Google Sheets.
Does it handle interest-free (0%) loans?
Yes. Enter 0 as the annual rate and the EMI becomes the principal divided evenly across the months, with zero total interest, useful for 0% financing offers and friends-and-family loans.
Which currencies does it support?
US Dollar, Euro, Pound, Rupee, Yen, Australian Dollar and Canadian Dollar symbols, or no symbol at all. The currency is display-only formatting; the math is identical in every currency.
Published · Last updated .
