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Calculate the monthly instalment (EMI) for any loan, plus total interest and a year-by-year repayment schedule.
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| 1 | 155,290.24 | 111,643.13 | 844,709.76 |
| 2 | 174,984.93 | 91,948.44 | 669,724.82 |
| 3 | 197,177.40 | 69,755.97 | 472,547.42 |
| 4 | 222,184.43 | 44,748.94 | 250,362.98 |
| 5 | 250,362.98 | 16,570.39 | 0.00 |
Before taking a car loan, home loan or personal loan, it helps to know the monthly payment and how much interest you will pay in total. This EMI calculator shows both, along with a year-by-year repayment schedule.
Enter the loan amount, the yearly interest rate and the number of years. The monthly instalment, total interest and total repayment update instantly, in any currency. Try a shorter term or a larger down payment to see how much interest you can save.
The result is an estimate: banks may add fees, insurance or a different rate type, so confirm the final figures with your lender. All calculations happen in your browser.
An equated monthly instalment is the fixed amount you pay every month so that the loan and its interest are fully repaid by the end of the term.
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 months.
Yes. Enter amounts in any currency; the results are in the same currency.
