Enter the loan amount, interest rate and tenure to see your EMI, the total interest you will pay, and a year-by-year breakdown of every payment.
Your monthly EMI
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| Year | Principal paid | Interest paid | Remaining balance |
|---|
The breakdown follows a standard reducing-balance (amortization) schedule: each EMI first pays that month's interest, and the rest reduces your principal.
Three quick steps — no account, no upload, nothing leaves your device.
Type in the amount you want to borrow, the bank's annual interest rate and how long you will take to repay.
Your fixed monthly payment appears instantly, along with the total interest and the total amount you will repay.
The breakdown shows, for each year, how much principal and interest you pay and what balance remains.
Quick answers about how this calculator works.
EMI stands for Equated Monthly Instalment — the fixed amount you pay the bank every month until the loan is cleared. Each payment covers that month's interest first, with the rest reducing the amount you owe.
It uses the standard amortization formula: EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly payments.
Interest is charged on the outstanding balance. Early in the loan the balance is at its largest, so more of each EMI goes to interest. As the balance falls, the principal share grows — that is exactly what the year-by-year table shows.
No. Processing fees, insurance and taxes differ from bank to bank and are not included. The result is the pure loan repayment — add any fees your bank quotes for the full picture.
Completely. The calculation runs entirely in your browser — nothing is uploaded, stored, or shared.