EMI Calculator

Compute equated monthly installments with amortization breakdown and prepayment savings analysis.

Modify the values and click the Calculate button to use this tool.

EMI Calculator

Standard amortized loan payment.

Modify the values and click the Calculate button to use this tool.

Extra Payment Calculator

See how additional monthly payments shorten your loan.

Formula

EMI = P × r × (1+r)^n / ((1+r)^n − 1)

How to use

  1. Enter loan amount, annual rate, and term.
  2. Use the prepayment tool to model extra monthly payments.
  3. Review the amortization chart and interest savings.

Formulas explained

Where P is principal, r is monthly interest rate (annual ÷ 12), and n is total months.

FAQ

Equated Monthly Installment — a fixed payment covering principal and interest.

Extra payments reduce principal faster, lowering total interest paid.

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