EMI Calculator Online
Use this free online EMI Calculator tool to estimate monthly loan repayments and total interest interest payments client-side.
How it works & FAQ
Why this is secure?
All loan EMI calculations run in your browser. Your financial details are never transmitted to any server.
Step-by-Step Guide
- 1Enter the loan principal amount, annual interest rate, and loan tenure in months.
- 2The monthly EMI, total interest payable, and total payment are calculated instantly.
- 3Scroll down to see the full amortization schedule showing principal and interest breakdown for each month.
Frequently Asked Questions (FAQ)
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate (annual rate ÷ 12 ÷ 100), and n is number of months.
What's the difference between flat rate and reducing balance?
This calculator uses the reducing balance method (standard for home and car loans in India), where interest is calculated on the outstanding principal each month.
How does prepayment affect my EMI?
Prepaying reduces your outstanding principal, which reduces total interest paid. Contact your bank for their specific prepayment policies and charges.
All EMI calculations happen locally in your browser. No financial data is transmitted.