Loan EMI Calculator
Calculate your Equated Monthly Installment for home, car, or personal loans
Loan Details
$
$1,000
$1,000,000
%
1%
20%
1 year
30 years
Payment Summary
$2,138
Monthly Payment
Principal Amount
$250,000
Total Interest
$263,120
Total Amount
$513,120
Interest Percentage
51.3%
Interest Amount
$263,120
Breakdown
Principal: 48.7%
Interest: 51.3%
Amortization Schedule
| Year | Principal | Interest | Total Payment | Balance |
|---|---|---|---|---|
| 1 | $4,892 | $20,656 | $25,548 | $245,108 |
| 2 | $5,312 | $20,236 | $25,548 | $239,796 |
| 3 | $5,768 | $19,780 | $25,548 | $234,028 |
| 4 | $6,263 | $19,285 | $25,548 | $227,765 |
| 5 | $6,800 | $18,748 | $25,548 | $220,965 |
Loan EMI Calculator — Description & Usage
What Is This Tool?
The Loan EMI Calculator is a financial tool that helps users calculate the monthly Equated Monthly Installment (EMI) for a loan based on the loan amount, interest rate, and tenure. It helps in planning finances effectively and understanding repayment schedules.
- Calculate your monthly EMI instantly.
- Helps plan loan repayments efficiently.
- Supports different loan types and interest rates.
Why Use the Loan EMI Calculator?
Financial Planning
Understand your monthly obligations before taking a loan.
Quick Comparisons
Compare different loan amounts, interest rates, and tenures easily.
How to Use This Tool (Step-by-Step)
- Enter loan amount — input the principal amount you want to borrow.
- Enter interest rate — provide the annual interest rate applicable to the loan.
- Enter loan tenure — specify the repayment period in months or years.
- Click Calculate — the tool will instantly display your monthly EMI and total payable interest.
Pro Tips for Best Results
- Always double-check the interest rate and tenure for accuracy.
- Use it to compare different loan offers before committing.
- Keep your monthly budget in mind while planning repayments.
- Ideal for personal loans, home loans, auto loans, and education loans.
Use the Loan EMI Calculator to plan your loan repayments effectively and avoid financial surprises!