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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 .
