EMI Calculator 1.0
Calculate your monthly loan payments and understand the breakdown
Loan Details
Principal amount you want to borrow
Annual interest rate
Loan repayment period
📚 What is EMI?
EMI (Equated Monthly Installment) is a fixed payment amount you pay to the lender every month until your loan is fully repaid.
How it's calculated:
EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
Where P = Principal, R = Monthly interest rate, N = Number of months
Monthly EMI
—
Total Interest
—
Principal Amount
—
Total Payment
—
Payment Breakdown (Monthly)
| Month | Principal | Interest | Balance |
|---|---|---|---|
| Month-by-month payment breakdown will appear here | |||
📊 Visual breakdown of principal vs interest payments
💡 Key insights about your loan will appear after calculation