EMI Calculator
Calculate monthly EMI, interest and full amortization.
Inputs
Monthly EMI
₹17,356
Total Interest
₹21,65,552
Total Payment
₹41,65,552
Loan Amount
₹20,00,000
Payment Split
- Principal₹20,00,000(48.0%)
- Interest₹21,65,552(52.0%)
Amortization Schedule (yearly view)
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 12 | ₹3,447 | ₹13,909 | ₹19,60,195 |
| 24 | ₹3,752 | ₹13,604 | ₹19,16,872 |
| 36 | ₹4,084 | ₹13,273 | ₹18,69,720 |
| 48 | ₹4,445 | ₹12,912 | ₹18,18,400 |
| 60 | ₹4,838 | ₹12,519 | ₹17,62,544 |
| 72 | ₹5,265 | ₹12,091 | ₹17,01,750 |
| 84 | ₹5,730 | ₹11,626 | ₹16,35,583 |
| 96 | ₹6,237 | ₹11,119 | ₹15,63,567 |
| 108 | ₹6,788 | ₹10,568 | ₹14,85,186 |
| 120 | ₹7,388 | ₹9,968 | ₹13,99,876 |
| 132 | ₹8,041 | ₹9,315 | ₹13,07,026 |
| 144 | ₹8,752 | ₹8,604 | ₹12,05,969 |
| 156 | ₹9,526 | ₹7,831 | ₹10,95,980 |
| 168 | ₹10,368 | ₹6,989 | ₹9,76,268 |
| 180 | ₹11,284 | ₹6,072 | ₹8,45,975 |
| 192 | ₹12,282 | ₹5,075 | ₹7,04,165 |
| 204 | ₹13,367 | ₹3,989 | ₹5,49,820 |
| 216 | ₹14,549 | ₹2,808 | ₹3,81,833 |
| 228 | ₹15,835 | ₹1,522 | ₹1,98,997 |
| 240 | ₹17,234 | ₹122 | ₹0 |
How this is calculated
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1)- 1Loan amount: ₹20,00,000, rate: 8.5%, tenure: 20 years
- 2Monthly EMI: ₹17,356
- 3Total interest: ₹21,65,552
- 4Processing fee (1%): ₹20,000
- 5Total cost including fee: ₹41,85,552
Results are estimates for educational purposes only and are not financial, investment, tax, accounting, or legal advice. Always consult a qualified professional before making financial decisions.
By Vizo ToolLast updated August 20266 min read
EMI Calculator — Know Your Monthly Loan Payment
The EMI Calculator computes your monthly loan installment from the loan amount, interest rate, and tenure — plus the total interest you'll pay and a complete amortization schedule for the entire loan. Add a processing fee to see the true upfront cost of borrowing.
Whether you're planning a home, car, or personal loan, knowing your EMI before you borrow helps you choose a loan you can comfortably afford. All calculations run privately in your browser.
- Monthly EMI
- Full amortization table
- Processing fee
- Interest vs principal
- Free & private
Why Use EMI Calculator?
Know Your Exact EMI
Instantly see the fixed monthly payment for any loan amount, rate, and tenure.
Full Amortization Schedule
Follow every payment: how much goes to interest vs principal each month, until the loan ends.
Processing Fee Included
Add the lender's processing fee percentage to see its real impact on your borrowing cost.
Free & Private
No sign-up, no uploads — the calculation runs entirely in your browser.
Features
Instant EMI
The monthly EMI is calculated live as you adjust amount, rate, and tenure.
Amortization Table
A scrollable month-by-month table of EMI, interest, principal, and outstanding balance.
Interest & Principal Split
Charts show how the interest vs principal split shifts over the life of the loan.
Processing Fee
Optional fee percentage is factored into your total cost of the loan.
Copy, Share & Print
Export a summary, share it, or print a report of your loan plan.
How to Use the EMI Calculator
Plan any loan in three simple steps.
Enter loan details
Type or slide the loan amount, interest rate, and tenure in years.
Add a processing fee (optional)
If your lender charges one, enter the fee percentage to include it in the total cost.
Review the payment plan
Check your monthly EMI, total interest, and the full amortization schedule.
Frequently Asked Questions
Got questions? We've got answers.
How is EMI calculated?▼
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the loan amount, r the monthly interest rate, and n the number of monthly payments.
What is an amortization schedule?▼
A table showing each monthly payment split into interest and principal, with the outstanding balance reducing until the loan is fully repaid.
What is a good EMI-to-income ratio?▼
Most lenders cap EMIs at 40–50% of your monthly income. A lower ratio leaves more room for savings and emergencies.
Does a longer tenure mean less EMI?▼
Yes, the EMI falls as tenure rises — but total interest paid increases, so a shorter tenure usually costs less overall.
How much interest will I pay on a ₹20 lakh loan?▼
A ₹20,00,000 loan at 8.5% for 20 years costs about ₹20.8 lakh in interest — the calculator shows your exact figure.
What is the processing fee?▼
A one-time fee charged by the lender, usually 0.5–1% of the loan amount, added to your total cost of borrowing.
What is the formula for EMI?▼
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), with r = annual rate ÷ 12 and n = tenure in months.
Can I prepay my loan with this calculator?▼
The current tool models the standard monthly EMI schedule. Prepayment modeling is a great next step — check the other calculators for related tools.
Is the EMI calculator free?▼
Yes, completely free with no sign-ups, no watermarks, and no usage limits.
How accurate is the result?▼
The math is exact for the inputs you provide. Actual payments may differ slightly due to lender rounding, fees, and interest calculation methods.
Can I use it for home, car, and personal loans?▼
Yes — the same EMI formula applies to all loans. Just enter your amount, rate, and tenure.
What happens to the interest-to-principal ratio over time?▼
Early payments are mostly interest; later payments are mostly principal. The charts show this split changing month by month.
Does the calculator work in INR?▼
Yes, amounts are formatted in Indian rupees (₹) with lakh/crore-style Indian number formatting.
Can I copy or share my EMI plan?▼
Yes — copy a clean summary, share it, or print a report from the results toolbar.
Is my loan data uploaded anywhere?▼
No. Everything is calculated locally in your browser and nothing is stored.
Does it work on mobile?▼
Yes, fully responsive with touch-friendly sliders for phones, tablets, and desktops.
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