Financing

Business Loan EMI Calculator

Plan financing — monthly EMI, total interest and full amortization schedule.

60 monthly instalments

Monthly EMI

Principal
Total interest
Total payable

Disclaimer: This tool is provided for general informational purposes only, “as is” with no warranty, and is not financial, tax, legal, or accounting advice. Results are indicative — verify with a qualified professional before relying on them. Nexavolt accepts no liability for decisions made using this tool. See our Privacy Policy and Terms.

How it works

An EMI (equated monthly instalment) is the fixed amount you pay each month on a loan, covering both interest and principal. Early instalments are mostly interest; later ones are mostly principal — the schedule that shows this split month by month is called an amortization schedule.

Enter your loan amount, annual interest rate and tenure to see your monthly EMI, the total interest you'll pay, the total payable, and a full year-by-year amortization breakdown. It works for any loan type and any currency.

1

Enter loan amount, interest rate and tenure.

2

See your monthly EMI immediately.

3

Review total interest and payable amount.

4

Open the month-by-month schedule.

Frequently asked questions

How is EMI calculated?

EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate, and n is the number of months.

What is an amortization schedule?

It's a month-by-month (or year-by-year) breakdown of how each EMI is split between interest and principal, and how the outstanding balance falls to zero.

Does a longer tenure reduce my EMI?

Yes — a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.

Can I use it for any loan or currency?

Yes. The calculation is the same for home, car, personal or business loans, and you can set any currency.