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EMI calculator
Calculate equated monthly installments (EMI), total interest payable, and repayment schedules for home loans, auto loans, and personal financing directly in your browser. All financial calculations occur locally in your tab with zero data uploaded. Toggle between yearly summaries and month-by-month amortization schedules, inspect principal versus interest ratios, download CSV schedules, and explore illustrative home, car, and personal loan presets.
Client-only calculation. Loan numbers and amortization tables are computed entirely in your browser and never uploaded. Presets and rates are illustrative.
Illustrative Loan Presets
$
Total amount borrowed
%
Annual percentage rate (APR)
Repayment duration
Monthly EMI
$1,896.20
Per month for 360 months (30 yrs)
Total Interest Payable
$382,636.71
56.1% of total loan payment
Total Amount Paid
$682,636.71
Principal $300,000.00 + Interest
Principal: $300,000.00 (44%)Interest: $382,636.71 (56.1%)
Loan Amortization Schedule
Detailed breakdown of principal reduction and interest amortized over time
| Year | Principal Paid | Interest Paid | Total Payment | Ending Balance |
|---|---|---|---|---|
| Year 1 | $3,353.12 | $19,401.28 | $22,754.40 | $296,646.88 |
| Year 2 | $3,577.68 | $19,176.72 | $22,754.40 | $293,069.20 |
| Year 3 | $3,817.29 | $18,937.11 | $22,754.40 | $289,251.91 |
| Year 4 | $4,072.94 | $18,681.46 | $22,754.40 | $285,178.97 |
| Year 5 | $4,345.71 | $18,408.69 | $22,754.40 | $280,833.26 |
| Year 6 | $4,636.75 | $18,117.65 | $22,754.40 | $276,196.51 |
| Year 7 | $4,947.30 | $17,807.10 | $22,754.40 | $271,249.21 |
| Year 8 | $5,278.62 | $17,475.78 | $22,754.40 | $265,970.59 |
| Year 9 | $5,632.13 | $17,122.27 | $22,754.40 | $260,338.46 |
| Year 10 | $6,009.32 | $16,745.08 | $22,754.40 | $254,329.14 |
| Year 11 | $6,411.79 | $16,342.61 | $22,754.40 | $247,917.35 |
| Year 12 | $6,841.18 | $15,913.22 | $22,754.40 | $241,076.17 |
| Year 13 | $7,299.36 | $15,455.04 | $22,754.40 | $233,776.81 |
| Year 14 | $7,788.20 | $14,966.20 | $22,754.40 | $225,988.61 |
| Year 15 | $8,309.84 | $14,444.56 | $22,754.40 | $217,678.77 |
| Year 16 | $8,866.33 | $13,888.07 | $22,754.40 | $208,812.44 |
| Year 17 | $9,460.12 | $13,294.28 | $22,754.40 | $199,352.32 |
| Year 18 | $10,093.70 | $12,660.70 | $22,754.40 | $189,258.62 |
| Year 19 | $10,769.69 | $11,984.71 | $22,754.40 | $178,488.93 |
| Year 20 | $11,490.95 | $11,263.45 | $22,754.40 | $166,997.98 |
| Year 21 | $12,260.53 | $10,493.87 | $22,754.40 | $154,737.45 |
| Year 22 | $13,081.64 | $9,672.76 | $22,754.40 | $141,655.81 |
| Year 23 | $13,957.73 | $8,796.67 | $22,754.40 | $127,698.08 |
| Year 24 | $14,892.51 | $7,861.89 | $22,754.40 | $112,805.57 |
| Year 25 | $15,889.89 | $6,864.51 | $22,754.40 | $96,915.68 |
| Year 26 | $16,954.05 | $5,800.35 | $22,754.40 | $79,961.63 |
| Year 27 | $18,089.49 | $4,664.91 | $22,754.40 | $61,872.14 |
| Year 28 | $19,300.99 | $3,453.41 | $22,754.40 | $42,571.15 |
| Year 29 | $20,593.64 | $2,160.76 | $22,754.40 | $21,977.51 |
| Year 30 | $21,977.51 | $781.60 | $22,759.11 | $0.00 |
EMI calculator example
30-year home mortgage for $300,000 at 6.5%
Monthly EMI is $1,896.20. Over 360 months, total interest paid is $382,633.47 and total loan repayment is $682,633.47. Download the complete 30-year amortization schedule as loan-amortization-schedule.csv.
EMI calculator how-to
- Enter principal, annual interest rate, and tenure in years or months.
- Use a preset only as an illustration, not as a product you were offered.
- Read monthly EMI, total interest, and the amortization table.
- Export CSV if you want to sanity-check the schedule in a spreadsheet.
Why EMI calculator matters
EMI is the fixed monthly payment that clears a reducing-balance loan. Comparing two offers on EMI alone hides total interest; the schedule shows how much of an early payment is interest.
This is the standard equated-installment formula, not a UK mortgage illustration with fees, or an Indian floating-rate reset.
EMI formula
Monthly rate r = APR / 12 / 100. For r > 0: EMI = P × r × (1+r)^n / ((1+r)^n − 1), with n = tenure in months. For r = 0: EMI = P / n. Each month, interest = balance × r, principal = EMI − interest, balance falls by principal.
EMI calculator limitations
Fixed rate, no fees, no tax relief, not advice. Lenders round differently.
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EMI calculator FAQ
- Does this EMI calculator upload my loan details or financial numbers?
- No. All amortization calculations and table generation happen exclusively inside your browser's JavaScript engine. Plaintools never collects, stores, or uploads your financial data.
- How is the equated monthly installment (EMI) calculated?
- EMI is calculated using the reducing balance formula: EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n − 1], where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the tenure in months.
- Are the home, car, and personal loan presets official quotes?
- No. The presets are strictly illustrative examples ($300k at 6.5% for 30 yrs, $35k at 7.0% for 5 yrs, $10k at 11.5% for 3 yrs) to demonstrate repayment schedules. Actual lender terms depend on your credit score, fees, and market conditions.
- What is the difference between principal and interest in early vs late payments?
- Under standard amortization, each monthly payment is identical, but the interest component is highest in early months when the outstanding balance is largest. Over time, as principal decreases, the interest portion drops and the principal portion increases.
- Can I export the amortization schedule for Excel or Google Sheets?
- Yes. Click 'Download CSV' to export the complete schedule with Month, Beginning Balance, EMI, Principal Paid, Interest Paid, and Ending Balance for spreadsheet analysis.
- How do I calculate loan EMI without this tool?
- In Excel/Google Sheets, use the formula =PMT(rate/12, tenure_months, -principal). In JavaScript: const r = apr / 1200; const emi = (p * r * Math.pow(1 + r, n)) / (Math.pow(1 + r, n) - 1). For zero interest: emi = principal / tenure_months.