Amortization Schedule
| Month | EMI | Principal | Interest | Balance |
|---|
Quick links for common loans
Open the calculator with example values (you can edit them):
How to use this EMI Calculator
- Enter Loan Amount, Annual Interest Rate, and Tenure (years or months).
- Click Calculate to see the monthly EMI, total interest, and total payable. See details in the sections below.
- Scroll to Amortization Schedule for month‑wise breakdown and use Export CSV to download.
How EMI is calculated
Formula:
EMI = P × r × (1 + r)n / ((1 + r)n − 1)
- P = principal (loan amount)
- r = monthly interest rate (annual rate ÷ 12 ÷ 100)
- n = number of monthly payments (tenure in months)
Zero‑interest case: if the rate is 0, EMI becomes simply P ÷ n.
Frequently asked questions
Is my data saved?
No. Everything runs in your browser. Nothing is uploaded.
What is an EMI?
EMI (Equated Monthly Installment) is the fixed monthly amount you pay towards a loan. It includes both principal and interest.
Which loans can I use this for?
It works for most reducing‑balance loans such as home, car, education, and personal loans.
Is this calculator accurate?
Yes, it uses the standard amortization formula shown above. Your bank’s results may differ slightly due to rounding rules or additional fees.
Can I enter years and months?
Yes. Enter years and months; the tool automatically converts them to total months.