Calculate your monthly EMI, total interest, and total repayment instantly. Includes interactive charts and full amortization schedule.
| Month | Opening | Principal | Interest | EMI | Closing |
|---|
EMI (Equated Monthly Installment) is the fixed amount you pay every month until the loan is fully repaid. In the early months, a larger share goes toward interest. Over time, the principal share increases.
Tip: Lower tenure reduces total interest but increases monthly EMI.
Is this calculator accurate?
It provides a close estimate based on principal + interest. Actual amounts can differ due to fees, insurance, rounding, or lender policies.
What is an amortization schedule?
A month-by-month breakdown showing how much of each EMI goes to interest and principal, and the remaining balance.
Can I reduce my EMI?
You can reduce EMI by lowering the loan amount, choosing a longer tenure, or getting a better rate.
Disclaimer: This tool is for informational purposes only and does not constitute financial advice.