Loan EMI Calculator
Estimate monthly payment, total interest and an initial amortization schedule.
Estimate monthly loan payment
Calculate an estimated EMI, total interest and the first 12 amortization rows.
First 12 payments
| # | Payment | Principal | Interest | Balance |
|---|
Estimate only. Real lender schedules may differ due to fees, compounding conventions, taxes, insurance or rounding.
EMI formula used
For a fixed monthly rate above zero, the calculator uses the standard amortizing-payment formula: principal × monthly rate × (1 + monthly rate)months ÷ ((1 + monthly rate)months − 1). For a 0% rate, principal is divided evenly across the term.
How to use the calculator
- Enter the principal amount borrowed.
- Enter the stated annual interest rate.
- Enter the term in years.
- Review the estimated payment, interest and first 12 rows of amortization.
What an amortization row shows
Each payment is split between interest and principal. Early in many long-term fixed-rate loans, a larger share may go to interest; as the balance declines, the principal share generally rises.
What this estimate does not include
The calculator does not model lender fees, variable-rate resets, taxes, insurance, late fees, prepayments or jurisdiction-specific rules. Use the lender's official disclosure for contractual figures.