Loan and EMI Calculator
Enter the amount, the annual rate and the term, and get the monthly instalment plus a full month-by-month schedule showing how much of each payment goes to interest and how much clears the balance.
Loan and EMI Calculator
Per month
22,244.45
Total repaid
1,334,666.80
Total interest
334,666.80
Interest cost
33.5%
of the amount borrowed
How to use it
- Enter the loan amount you are borrowing.
- Enter the annual interest rate as a percentage — 12.5, not 0.125.
- Set the term in years or months, whichever your lender quoted.
- Read the monthly instalment, then open the schedule to see the interest and principal split for each month.
- Use the total interest figure to compare offers — a longer term lowers the monthly payment and raises what you pay overall.
Frequently asked questions
- What is EMI?
- Equated Monthly Instalment — a fixed monthly payment covering both interest and principal, so the loan clears exactly at the end of the term. It is the standard structure for personal, vehicle and home loans.
- Why does the early payment barely reduce my balance?
- Interest is charged on the outstanding balance, which is largest at the start. Early instalments are mostly interest; the principal share grows every month. The schedule shows the crossover.
- Does this match what my bank will quote?
- The instalment maths is standard and should match closely. Your bank may add processing fees, insurance or a different day-count convention, so treat this as an estimate rather than an offer.
Related tools
- Compound Interest CalculatorProject savings growth with optional regular contributions, at any compounding frequency, and see the balance year by year.
- Percentage CalculatorWork out a percentage of a number, what share one number is of another, or the change between two values. Shows the working. Runs in your browser.
Built and maintained by Kavitha Kanchana
Software engineer at Cortana AI and co-founder of Ryzera Technologies, based in Sri Lanka. Found a bug or a wrong number? Email me.