Loan EMI Calculator

Calculate your monthly EMI (Equated Monthly Installment) with detailed amortization schedule. Perfect for home loans, personal loans, car loans, and any other type of loan planning.

Loan Details

$1,000 $1,000,000
1% 30%
1 Year 30 Years

Additional Options

One-time processing fee charged by the lender
Additional payment made annually to reduce principal
Monthly EMI
$1,006
Equated Monthly Installment
Principal Amount
$50,000
Total Interest
$10,360
Total Amount
$60,360
Total Tenure
60 Months

Principal vs Interest Breakdown

How to Use the Loan EMI Calculator

What is EMI?

EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs consist of both principal and interest components.

EMI Formula

EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
Where P = Principal, R = Monthly Interest Rate, N = Number of Monthly Installments

Tips for Lower EMI

  • Make a higher down payment
  • Choose longer tenure (increases total interest)
  • Compare interest rates from different lenders
  • Consider prepayments when possible