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Know your monthly payment before you sign.
Loan offers are usually presented as a single monthly number, which makes it hard to see how much of that number is actually interest versus principal, or how a slightly different tenure changes the total cost over the life of the loan. The EMI Calculator takes a loan amount, interest rate, and tenure and breaks the equated monthly installment down clearly, alongside the total interest you'll pay and a full amortization view of how the balance shrinks over time. It's built for anyone comparing loan offers before signing — a home loan, a car loan, a personal loan — where a half-percent rate difference or a two-year tenure change can mean a meaningfully different total cost that a single EMI figure doesn't make obvious. The most useful way to use it isn't checking one loan in isolation; it's running the same amount through two or three rate/tenure combinations side by side, since that comparison is usually where the real decision lives, not in any single number alone.
EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1)
This is the standard reducing-balance EMI formula. Each month's payment stays the same, but the split between interest and principal shifts over time — early installments are interest-heavy, later ones are mostly principal.
Borrowing $200,000 at 8% per annum, repaid over 20 years:
Inputs
Results
Monthly EMI
$2,169.56
Total interest
$270,693.94
Total payment
$520,693.94
Share of your total payment that goes to principal vs. interest.
Remaining principal as you pay down the loan, month by month.
240 monthly installments, principal and interest broken out.