About EMI Calculator
Calculate your exact monthly loan EMI, total interest payable, and complete amortization schedule. Features early payoff simulations to calculate interest and months saved.
Key Capabilities & Features
- Calculates exact monthly EMI based on principal, annual interest rate, and tenure
- Interactive sliders with real-time monthly payment calculation
- Generates full monthly and yearly loan amortization schedules
- Early payoff modeling calculating interest saved and tenure reduction
- Download amortization table as CSV for accounting or spreadsheet use
How to Use EMI Calculator
Enter Loan Amount
Type the principal amount you intend to borrow.
Set Rate & Tenure
Specify the annual interest rate and repayment duration in years.
Simulate Prepayments
Optionally enter extra monthly payments to see interest and time savings.
Privacy & In-Browser Execution Guarantee
100% client-side privacy. Your loan amounts and financial data stay entirely in your browser with zero server uploads.
Frequently Asked Questions
How is EMI calculated?
EMI is calculated using the formula E = P × r × (1 + r)^n / ((1 + r)^n - 1), where P is principal, r is monthly interest rate, and n is total months.
How do extra payments affect my loan?
Extra monthly payments directly reduce your outstanding principal, dramatically lowering overall interest and shortening the repayment period.