Calculate Equated Monthly Installments (EMI), total interest payable, loan payoff timelines, and visual amortization breakdowns for home, car, and personal loans.
Enter principal amount, annual interest rate, and duration
Total repayment will be 1,487,828.27 over 10 years
Computes monthly payment amount using the standard banking formula: EMI = [P × r × (1+r)^n] / [(1+r)^n - 1].
Visual breakdown showing what percentage of your total payment goes to interest versus principal.
Interactive table showing opening balance, EMI, principal paid, interest paid, and closing balance for every month.
Model confidential loan applications locally with zero server tracking.
The EMI Calculator uses standard compound amortization math: 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 tenure in months.
Total payment equals EMI × n, and Total Interest Paid equals Total Payment - Principal.
The complete month-by-month amortization schedule is generated locally in client memory.
Calculate monthly payments and total interest on a $300,000 20-year mortgage at 7.5% interest.
Compare monthly EMI and lifetime interest differences between a 3-year and 5-year auto loan.
Determine monthly installment affordability for personal debt consolidation.
See how higher monthly payments shorten loan payoff duration.
EMI = [P x r x (1+r)^n] / [(1+r)^n - 1], where P is Principal loan amount, r is monthly interest rate (annual rate/12/100), and n is loan tenure in months.
Because interest is calculated on the remaining principal balance. Early on, the balance is largest, so interest charges are highest. As you pay down principal, interest decreases and principal repayment accelerates.
Yes. Softnag generates a complete interactive schedule table detailing principal and interest for every month.
No. All calculations run strictly inside your local browser memory.
Yes. You can switch loan tenure between total years and total months.
An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month until the loan is fully repaid.