Calculate your monthly loan payment and see a full month by month amortization table showing exactly how much of each payment goes toward principal and interest.
How This Loan EMI Calculator Works
Enter the loan amount, the annual interest rate, and the loan term in years, then click “Calculate.” The tool instantly shows your monthly payment, the total interest you will pay over the life of the loan, and the total amount paid including interest. Scroll through the amortization table below to see how the principal and interest portions of each monthly payment change over time, and how your remaining balance decreases with every payment.
What Is an Amortization Table
An amortization table breaks down every payment over the life of a loan into two parts: the portion that reduces your principal balance and the portion that covers interest. Early in a loan, more of each payment goes toward interest, while later payments put more toward principal. Reviewing the full schedule helps you understand exactly how your loan balance decreases over time and how much interest you are really paying.
Who This Tool Is For
Anyone comparing loan offers with different rates or terms, homebuyers and car buyers estimating monthly payments before applying, and borrowers who want to see exactly how much interest they will pay over the full life of a loan.
Frequently Asked Questions
Is this calculator free to use?
Yes, completely free with no limit on how many times you can use it, and no account is required.
What does EMI stand for?
EMI stands for equated monthly installment, a fixed payment amount made every month toward a loan until it is fully paid off, covering both principal and interest.
Does this include taxes, insurance, or fees?
No. This calculator estimates the principal and interest portion of a loan payment only. Property taxes, insurance, and other fees are not included and may add to your actual monthly payment.
Does this tool send my loan details to a server?
No. All calculations happen directly in your browser using JavaScript. Your numbers are never uploaded or saved anywhere.