Loan EMI Calculator
Calculate your monthly EMI, total interest payable, and view the complete amortization schedule.
Currency
Loan Details
$
$100,000$10,000,000
$1,000,000 ($1.00M)
% p.a.
1% p.a.30% p.a.
yr
1yr30yr
Monthly EMI
$8,678
for 20 years at 8.5% p.a.
Total Payment
$2.08M
$2,082,776
Total Interest
$1.08M
$1,082,776
Principal48.0%Interest52.0%
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $8,678 | $1,595 | $7,083 | $998,405 |
| 2 | $8,678 | $1,606 | $7,072 | $996,799 |
| 3 | $8,678 | $1,618 | $7,061 | $995,181 |
Frequently Asked Questions
- What does EMI stand for?
- Equated Monthly Installment — the fixed amount you pay each month to repay a loan, covering both principal and interest.
- How is EMI calculated?
- EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is loan amount, r is monthly interest rate, and n is number of months.
- Is this tool free to use?
- Yes, completely free. No account, no subscription, no hidden limits.
- Are my files safe? Do you upload them?
- Your files never leave your device. All processing runs locally in your browser using JavaScript — nothing is sent to any server.
- Does it work on mobile?
- Yes, it works on all modern browsers including mobile Safari and Chrome on iOS and Android.