Loan EMI Calculator
Monthly EMI
102.58
Total Interest
1,154.96
18.8% of total payment
Total Payment
6,154.96
over 60 months
Payment Breakdown
Principal 5,000 Interest 1,154.96
Month
EMI
Principal
Interest
Balance
1
102.58
67.17
35.42
4,932.83
2
102.58
67.64
34.94
4,865.19
3
102.58
68.12
34.46
4,797.07
4
102.58
68.6
33.98
4,728.47
5
102.58
69.09
33.49
4,659.38
6
102.58
69.58
33
4,589.8
7
102.58
70.07
32.51
4,519.73
8
102.58
70.57
32.01
4,449.16
9
102.58
71.07
31.51
4,378.09
10
102.58
71.57
31.01
4,306.52
11
102.58
72.08
30.5
4,234.44
12
102.58
72.59
29.99
4,161.85
13
102.58
73.1
29.48
4,088.75
14
102.58
73.62
28.96
4,015.13
15
102.58
74.14
28.44
3,940.99
16
102.58
74.67
27.92
3,866.32
17
102.58
75.2
27.39
3,791.13
18
102.58
75.73
26.85
3,715.4
19
102.58
76.27
26.32
3,639.13
20
102.58
76.81
25.78
3,562.33
21
102.58
77.35
25.23
3,484.98
22
102.58
77.9
24.69
3,407.08
23
102.58
78.45
24.13
3,328.63
24
102.58
79
23.58
3,249.62
25
102.58
79.56
23.02
3,170.06
26
102.58
80.13
22.45
3,089.93
27
102.58
80.7
21.89
3,009.24
28
102.58
81.27
21.32
2,927.97
29
102.58
81.84
20.74
2,846.13
30
102.58
82.42
20.16
2,763.7
31
102.58
83.01
19.58
2,680.7
32
102.58
83.59
18.99
2,597.1
33
102.58
84.19
18.4
2,512.92
34
102.58
84.78
17.8
2,428.13
35
102.58
85.38
17.2
2,342.75
36
102.58
85.99
16.59
2,256.76
37
102.58
86.6
15.99
2,170.17
38
102.58
87.21
15.37
2,082.95
39
102.58
87.83
14.75
1,995.13
40
102.58
88.45
14.13
1,906.68
41
102.58
89.08
13.51
1,817.6
42
102.58
89.71
12.87
1,727.89
43
102.58
90.34
12.24
1,637.55
44
102.58
90.98
11.6
1,546.56
45
102.58
91.63
10.95
1,454.94
46
102.58
92.28
10.31
1,362.66
47
102.58
92.93
9.65
1,269.73
48
102.58
93.59
8.99
1,176.14
49
102.58
94.25
8.33
1,081.89
50
102.58
94.92
7.66
986.97
51
102.58
95.59
6.99
891.38
52
102.58
96.27
6.31
795.11
53
102.58
96.95
5.63
698.16
54
102.58
97.64
4.95
600.52
55
102.58
98.33
4.25
502.19
56
102.58
99.03
3.56
403.17
57
102.58
99.73
2.86
303.44
58
102.58
100.43
2.15
203.01
59
102.58
101.14
1.44
101.86
60
102.58
101.86
0.72
0
About
The Loan EMI Calculator uses the standard reducing-balance formula (EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1)) to compute your exact monthly payment for any fixed-rate loan. Enter the principal, annual interest rate, and tenure — it instantly shows the EMI, total amount payable, and total interest charged. The amortization table breaks every payment into principal and interest components so you can see how your balance reduces month by month.
How to use
- 1 Enter the loan principal (amount borrowed).
- 2 Enter the annual interest rate (e.g. 8.5 for 8.5%).
- 3 Set the loan tenure in years or months.
- 4 The EMI, total payment, and total interest are calculated instantly.
- 5 Scroll down to see the full month-by-month amortization schedule.
- What does EMI stand for and how is it calculated?
- EMI stands for Equated Monthly Instalment — the fixed monthly payment you make to repay a loan over a set tenure. It is calculated using the reducing-balance formula: EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly instalments.
- Why does the early part of my EMI pay mostly interest?
- In reducing-balance loans, interest is calculated on the outstanding principal each month. Early in the loan, the outstanding balance is high, so most of your EMI goes toward interest. As you pay down the principal month by month, the interest portion shrinks and the principal portion grows — even though the EMI stays constant. The amortization table shows this breakdown for every month.
- How can I reduce the total interest I pay on a loan?
- Three strategies: (1) Make part-prepayments — any extra amount paid reduces the principal and cuts future interest. (2) Choose a shorter tenure — your EMI will be higher but total interest paid will be much lower. (3) Negotiate a lower interest rate — even a 0.5% reduction can save thousands over a long tenure. Use the calculator to compare different scenarios.