EMI Calculator

Determine equated monthly installments (EMI) for loans accurately.

EMI Calculator

Home Loan Amount

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Personal Loan Amount

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Car Loan Amount

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Interest Rate

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Loan Term

years

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months

Options

EMI Scheme

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Result

Loan EMI: $739.69

Total Payment: $133,144.20

Total Interest: $33,143.69

Balance

Interest

Principal

0 yr

5 yr

10 yr

15 yr

#	BEGINNING BALANCE	INTEREST	PRINCIPAL	ENDING BALANCE
1	$100,000.00	$3,909.60	$4,966.68	$95,033.32
2	$95,033.32	$3,707.25	$5,169.03	$89,864.29
3	$89,864.29	$3,496.66	$5,379.62	$84,484.67
4	$84,484.67	$3,277.48	$5,598.80	$78,885.87
5	$78,885.87	$3,049.38	$5,826.90	$73,058.97
6	$73,058.97	$2,811.98	$6,064.30	$66,994.67
7	$66,994.67	$2,564.91	$6,311.37	$60,683.30
8	$60,683.30	$2,307.78	$6,568.50	$54,114.80
9	$54,114.80	$2,040.17	$6,836.11	$47,278.69
10	$47,278.69	$1,761.65	$7,114.63	$40,164.06
11	$40,164.06	$1,471.79	$7,404.49	$32,759.57
12	$32,759.57	$1,170.12	$7,706.16	$25,053.41
13	$25,053.41	$856.16	$8,020.12	$17,033.30
14	$17,033.30	$529.41	$8,346.87	$8,686.42
15	$8,686.42	$189.34	$8,686.94	$0.00

#	BEGINNING BALANCE	INTEREST	PRINCIPAL	ENDING BALANCE
1	$100,000.00	$333.33	$406.36	$99,593.64
2	$99,593.64	$331.98	$407.71	$99,185.93
3	$99,185.93	$330.62	$409.07	$98,776.86
4	$98,776.86	$329.26	$410.43	$98,366.43
5	$98,366.43	$327.89	$411.80	$97,954.63
6	$97,954.63	$326.52	$413.17	$97,541.45
7	$97,541.45	$325.14	$414.55	$97,126.90
8	$97,126.90	$323.76	$415.93	$96,710.97
9	$96,710.97	$322.37	$417.32	$96,293.65
10	$96,293.65	$320.98	$418.71	$95,874.93
11	$95,874.93	$319.58	$420.11	$95,454.83
12	$95,454.83	$318.18	$421.51	$95,033.32
Year 1 End
13	$95,033.32	$316.78	$422.91	$94,610.41
14	$94,610.41	$315.37	$424.32	$94,186.09
15	$94,186.09	$313.95	$425.74	$93,760.35
16	$93,760.35	$312.53	$427.16	$93,333.19
17	$93,333.19	$311.11	$428.58	$92,904.62
18	$92,904.62	$309.68	$430.01	$92,474.61
19	$92,474.61	$308.25	$431.44	$92,043.17
20	$92,043.17	$306.81	$432.88	$91,610.29
21	$91,610.29	$305.37	$434.32	$91,175.96
22	$91,175.96	$303.92	$435.77	$90,740.19
23	$90,740.19	$302.47	$437.22	$90,302.97
24	$90,302.97	$301.01	$438.68	$89,864.29
Year 2 End
25	$89,864.29	$299.55	$440.14	$89,424.15
26	$89,424.15	$298.08	$441.61	$88,982.54
27	$88,982.54	$296.61	$443.08	$88,539.46
28	$88,539.46	$295.13	$444.56	$88,094.90
29	$88,094.90	$293.65	$446.04	$87,648.86
30	$87,648.86	$292.16	$447.53	$87,201.33
31	$87,201.33	$290.67	$449.02	$86,752.31
32	$86,752.31	$289.17	$450.52	$86,301.80
33	$86,301.80	$287.67	$452.02	$85,849.78
34	$85,849.78	$286.17	$453.52	$85,396.26
35	$85,396.26	$284.65	$455.04	$84,941.22
36	$84,941.22	$283.14	$456.55	$84,484.67
Year 3 End
37	$84,484.67	$281.62	$458.07	$84,026.59
38	$84,026.59	$280.09	$459.60	$83,566.99
39	$83,566.99	$278.56	$461.13	$83,105.86
40	$83,105.86	$277.02	$462.67	$82,643.19
41	$82,643.19	$275.48	$464.21	$82,178.98
42	$82,178.98	$273.93	$465.76	$81,713.22
43	$81,713.22	$272.38	$467.31	$81,245.90
44	$81,245.90	$270.82	$468.87	$80,777.03
45	$80,777.03	$269.26	$470.43	$80,306.60
46	$80,306.60	$267.69	$472.00	$79,834.60
47	$79,834.60	$266.12	$473.57	$79,361.02
48	$79,361.02	$264.54	$475.15	$78,885.87
Year 4 End
49	$78,885.87	$262.95	$476.74	$78,409.13
50	$78,409.13	$261.36	$478.33	$77,930.81
51	$77,930.81	$259.77	$479.92	$77,450.89
52	$77,450.89	$258.17	$481.52	$76,969.37
53	$76,969.37	$256.56	$483.13	$76,486.24
54	$76,486.24	$254.95	$484.74	$76,001.50
55	$76,001.50	$253.34	$486.35	$75,515.15
56	$75,515.15	$251.72	$487.97	$75,027.18
57	$75,027.18	$250.09	$489.60	$74,537.58
58	$74,537.58	$248.46	$491.23	$74,046.35
59	$74,046.35	$246.82	$492.87	$73,553.48
60	$73,553.48	$245.18	$494.51	$73,058.97
Year 5 End
61	$73,058.97	$243.53	$496.16	$72,562.81
62	$72,562.81	$241.88	$497.81	$72,064.99
63	$72,064.99	$240.22	$499.47	$71,565.52
64	$71,565.52	$238.55	$501.14	$71,064.38
65	$71,064.38	$236.88	$502.81	$70,561.57
66	$70,561.57	$235.21	$504.48	$70,057.09
67	$70,057.09	$233.52	$506.17	$69,550.92
68	$69,550.92	$231.84	$507.85	$69,043.07
69	$69,043.07	$230.14	$509.55	$68,533.52
70	$68,533.52	$228.45	$511.24	$68,022.28
71	$68,022.28	$226.74	$512.95	$67,509.33
72	$67,509.33	$225.03	$514.66	$66,994.67
Year 6 End
73	$66,994.67	$223.32	$516.37	$66,478.30
74	$66,478.30	$221.59	$518.10	$65,960.20
75	$65,960.20	$219.87	$519.82	$65,440.38
76	$65,440.38	$218.13	$521.56	$64,918.82
77	$64,918.82	$216.40	$523.29	$64,395.53
78	$64,395.53	$214.65	$525.04	$63,870.49
79	$63,870.49	$212.90	$526.79	$63,343.70
80	$63,343.70	$211.15	$528.54	$62,815.16
81	$62,815.16	$209.38	$530.31	$62,284.85
82	$62,284.85	$207.62	$532.07	$61,752.78
83	$61,752.78	$205.84	$533.85	$61,218.93
84	$61,218.93	$204.06	$535.63	$60,683.30
Year 7 End
85	$60,683.30	$202.28	$537.41	$60,145.89
86	$60,145.89	$200.49	$539.20	$59,606.69
87	$59,606.69	$198.69	$541.00	$59,065.69
88	$59,065.69	$196.89	$542.80	$58,522.88
89	$58,522.88	$195.08	$544.61	$57,978.27
90	$57,978.27	$193.26	$546.43	$57,431.84
91	$57,431.84	$191.44	$548.25	$56,883.59
92	$56,883.59	$189.61	$550.08	$56,333.51
93	$56,333.51	$187.78	$551.91	$55,781.60
94	$55,781.60	$185.94	$553.75	$55,227.85
95	$55,227.85	$184.09	$555.60	$54,672.25
96	$54,672.25	$182.24	$557.45	$54,114.80
Year 8 End
97	$54,114.80	$180.38	$559.31	$53,555.49
98	$53,555.49	$178.52	$561.17	$52,994.32
99	$52,994.32	$176.65	$563.04	$52,431.28
100	$52,431.28	$174.77	$564.92	$51,866.36
101	$51,866.36	$172.89	$566.80	$51,299.56
102	$51,299.56	$171.00	$568.69	$50,730.87
103	$50,730.87	$169.10	$570.59	$50,160.28
104	$50,160.28	$167.20	$572.49	$49,587.79
105	$49,587.79	$165.29	$574.40	$49,013.39
106	$49,013.39	$163.38	$576.31	$48,437.08
107	$48,437.08	$161.46	$578.23	$47,858.85
108	$47,858.85	$159.53	$580.16	$47,278.69
Year 9 End
109	$47,278.69	$157.60	$582.09	$46,696.59
110	$46,696.59	$155.66	$584.03	$46,112.56
111	$46,112.56	$153.71	$585.98	$45,526.58
112	$45,526.58	$151.76	$587.93	$44,938.64
113	$44,938.64	$149.80	$589.89	$44,348.75
114	$44,348.75	$147.83	$591.86	$43,756.89
115	$43,756.89	$145.86	$593.83	$43,163.05
116	$43,163.05	$143.88	$595.81	$42,567.24
117	$42,567.24	$141.89	$597.80	$41,969.44
118	$41,969.44	$139.90	$599.79	$41,369.65
119	$41,369.65	$137.90	$601.79	$40,767.86
120	$40,767.86	$135.89	$603.80	$40,164.06
Year 10 End
121	$40,164.06	$133.88	$605.81	$39,558.25
122	$39,558.25	$131.86	$607.83	$38,950.42
123	$38,950.42	$129.83	$609.86	$38,340.57
124	$38,340.57	$127.80	$611.89	$37,728.68
125	$37,728.68	$125.76	$613.93	$37,114.75
126	$37,114.75	$123.72	$615.97	$36,498.78
127	$36,498.78	$121.66	$618.03	$35,880.75
128	$35,880.75	$119.60	$620.09	$35,260.66
129	$35,260.66	$117.54	$622.15	$34,638.51
130	$34,638.51	$115.46	$624.23	$34,014.28
131	$34,014.28	$113.38	$626.31	$33,387.97
132	$33,387.97	$111.29	$628.40	$32,759.57
Year 11 End
133	$32,759.57	$109.20	$630.49	$32,129.08
134	$32,129.08	$107.10	$632.59	$31,496.49
135	$31,496.49	$104.99	$634.70	$30,861.79
136	$30,861.79	$102.87	$636.82	$30,224.97
137	$30,224.97	$100.75	$638.94	$29,586.03
138	$29,586.03	$98.62	$641.07	$28,944.96
139	$28,944.96	$96.48	$643.21	$28,301.75
140	$28,301.75	$94.34	$645.35	$27,656.40
141	$27,656.40	$92.19	$647.50	$27,008.90
142	$27,008.90	$90.03	$649.66	$26,359.24
143	$26,359.24	$87.86	$651.83	$25,707.41
144	$25,707.41	$85.69	$654.00	$25,053.41
Year 12 End
145	$25,053.41	$83.51	$656.18	$24,397.24
146	$24,397.24	$81.32	$658.37	$23,738.87
147	$23,738.87	$79.13	$660.56	$23,078.31
148	$23,078.31	$76.93	$662.76	$22,415.55
149	$22,415.55	$74.72	$664.97	$21,750.58
150	$21,750.58	$72.50	$667.19	$21,083.39
151	$21,083.39	$70.28	$669.41	$20,413.98
152	$20,413.98	$68.05	$671.64	$19,742.33
153	$19,742.33	$65.81	$673.88	$19,068.45
154	$19,068.45	$63.56	$676.13	$18,392.32
155	$18,392.32	$61.31	$678.38	$17,713.94
156	$17,713.94	$59.05	$680.64	$17,033.30
Year 13 End
157	$17,033.30	$56.78	$682.91	$16,350.38
158	$16,350.38	$54.50	$685.19	$15,665.19
159	$15,665.19	$52.22	$687.47	$14,977.72
160	$14,977.72	$49.93	$689.76	$14,287.96
161	$14,287.96	$47.63	$692.06	$13,595.89
162	$13,595.89	$45.32	$694.37	$12,901.52
163	$12,901.52	$43.01	$696.68	$12,204.84
164	$12,204.84	$40.68	$699.01	$11,505.83
165	$11,505.83	$38.35	$701.34	$10,804.49
166	$10,804.49	$36.01	$703.68	$10,100.82
167	$10,100.82	$33.67	$706.02	$9,394.80
168	$9,394.80	$31.32	$708.37	$8,686.42
Year 14 End
169	$8,686.42	$28.95	$710.74	$7,975.69
170	$7,975.69	$26.59	$713.10	$7,262.59
171	$7,262.59	$24.21	$715.48	$6,547.10
172	$6,547.10	$21.82	$717.87	$5,829.24
173	$5,829.24	$19.43	$720.26	$5,108.98
174	$5,108.98	$17.03	$722.66	$4,386.32
175	$4,386.32	$14.62	$725.07	$3,661.25
176	$3,661.25	$12.20	$727.49	$2,933.76
177	$2,933.76	$9.78	$729.91	$2,203.85
178	$2,203.85	$7.35	$732.34	$1,471.51
179	$1,471.51	$4.91	$734.78	$736.72
180	$736.72	$2.46	$737.23	$0.00
Year 15 End

What is an Online EMI Calculator?

An Online EMI (Equated Monthly Installment) Calculator is a financial tool that helps individuals calculate their monthly loan payments (EMIs) for different types of loans, such as personal loans, home loans, car loans, etc. It uses the principal loan amount, interest rate, and loan tenure to calculate the amount that needs to be paid every month. This calculator helps borrowers plan their finances effectively by giving them an accurate monthly repayment figure.

How to Use an Online EMI Calculator?

Enter the Loan Amount:
- Input the total amount you want to borrow. This is the principal loan amount, excluding any down payment or deposits.
Enter the Interest Rate:
- Provide the annual interest rate (in percentage) offered by your lender. This will determine the interest you will pay over the loan term.
Select the Loan Tenure:
- Specify the loan term, i.e., the duration over which you plan to repay the loan. It could be a few months or years, depending on your loan agreement.
Calculate:
- After entering the loan amount, interest rate, and tenure, click the “Calculate” button. The EMI calculator will generate your monthly repayment amount (EMI).
Review Additional Details (Optional):
- Some EMI calculators allow you to include additional factors like processing fees, insurance, and other charges to get a more accurate estimate of your total monthly payment.

Frequently Asked Questions-

What is an EMI?
- EMI stands for Equated Monthly Installment. It is the fixed monthly amount that a borrower has to pay to the lender over the course of the loan term. The EMI includes both the principal amount and the interest charged on the loan.
How is EMI calculated?
- EMI is calculated using a standard formula:
$\text{EMI} = \frac{P \times r \times (1 + r)^n}{(1 + r)^n - 1}$
Where:
- $P$ is the principal loan amount.
- $r$ is the monthly interest rate (annual rate divided by 12).
- $n$ is the loan tenure in months.
Can I change my EMI amount after it has been set?
- Generally, your EMI amount is fixed for the loan tenure unless you choose to refinance or make an early payment. Some loans may offer flexible repayment options, allowing you to adjust your EMI in case of financial changes.
Does the EMI calculator include extra charges?
- Most EMI calculators give you the base EMI amount, but some also allow you to factor in extra charges like processing fees or insurance. You may need to manually add extra charges if your calculator doesn’t account for them.
How can I reduce my EMI?
- You can reduce your EMI by either reducing the loan amount, opting for a lower interest rate, or extending the loan tenure. However, extending the tenure may result in paying more interest over time. Another option is making a higher down payment, which reduces the principal loan amount.