Plan financing — monthly EMI, total interest and full amortization schedule.
60 monthly instalments
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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.
Enter loan amount, interest rate and tenure.
See your monthly EMI immediately.
Review total interest and payable amount.
Open the month-by-month schedule.
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.
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.
Yes — a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.
Yes. The calculation is the same for home, car, personal or business loans, and you can set any currency.