Loan EMI Calculator
Calculate your monthly loan payment (EMI), total interest, and see the full amortization schedule. Works for personal loans, car loans, education loans, and mortgages.
What is an EMI?
EMI stands for Equated Monthly Instalment — the fixed amount you pay each month to repay a loan. Each EMI payment covers both principal repayment and interest. In the early years, most of your payment goes toward interest; over time, more goes toward principal. This calculator shows the full breakdown.
Loan EMI Calculator — Free Monthly Payment Calculator
Free Loan EMI calculator. Calculate monthly payments, total interest, and full amortization schedule for any loan. Supports personal loans, car loans, and mortgages.
Monthly Payment (EMI)$198
Total Repayment$11,881
Total Interest$1,881