EMI Calculator with Amortization Schedule | Calculate Monthly Loan Payments

Welcome to our comprehensive EMI (Equated Monthly Installment) calculator with detailed amortization schedule. Whether you're planning to take a home loan, car loan, or personal loan, our calculator helps you make informed financial decisions by providing accurate monthly payment breakdowns and complete loan repayment schedules.

Understanding EMI Calculations

Our EMI calculator uses the standard amortization formula for utmost accuracy:

EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)

Where:

• P = Principal loan amount
• r = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
• n = Total number of months

Features of Our EMI & Amortization Calculator

Detailed Monthly Breakup

Get a clear view of principal and interest components in each monthly installment. Track how your loan balance reduces over time with our comprehensive payment schedule.

Multiple Loan Types

Calculate EMI for various loan types including:

• Home loans with tenure up to 30 years
• Car loans with flexible interest rates
• Personal loans with custom repayment schedules
• Business loans with detailed amortization tables

Prepayment Analysis

Understand the impact of additional payments on your loan tenure and total interest outgo. Make informed decisions about loan prepayment with our advanced calculator features.

How to Use Our Amortization Calculator

1. Enter your total loan amount (principal)
2. Input the annual interest rate
3. Select your preferred loan tenure in years or months
4. Click 'Calculate' to get instant results
5. View the complete amortization schedule with monthly breakup

Why Choose Our EMI Calculator?

• 100% accurate calculations based on standard banking formulas
• Easy-to-understand monthly payment schedule
• Mobile-friendly interface for calculations on-the-go
• No registration required - free to use anytime
• Instant results with printable amortization schedule

Common Uses of Our Loan EMI Calculator

Home Loan Planning

Calculate affordable EMIs for your dream home. Compare different loan amounts and tenures to find the perfect balance between EMI amount and loan duration.

Vehicle Loan Analysis

Plan your car or bike purchase by calculating EMIs for different loan amounts. Compare various tenure options to choose the most suitable repayment plan.

Personal Loan Management

Evaluate personal loan options with different interest rates and tenures. Make informed decisions about loan amount and repayment period.

Understanding Your Amortization Schedule

The amortization schedule provides a month-by-month breakdown of your loan repayment, showing:

• Monthly EMI amount
• Principal component of each EMI
• Interest component of each EMI
• Remaining loan balance after each payment
• Cumulative interest paid till date

Frequently Asked Questions

What is EMI in loan repayment?

EMI (Equated Monthly Installment) is a fixed amount paid by the borrower to the lender on a monthly basis. It includes both principal and interest components, calculated using the reducing balance method.

How is loan amortization different from EMI?

While EMI is the fixed monthly payment, amortization refers to the complete loan repayment schedule showing how each payment is split between principal and interest over the entire loan tenure.

Can I calculate EMI for any loan amount?

Yes, our calculator supports loan amounts from ₹10,000 to ₹50 crores, making it suitable for all types of loans from personal loans to large business loans.

Additional Financial Tools

Besides EMI calculation, explore our other financial calculators:

• Loan Eligibility Calculator
• Prepayment Calculator
• Compare Loan Offers
• Fixed vs Floating Interest Rate Calculator

Note: This calculator provides indicative figures based on the information you input. Actual loan terms and EMI amounts may vary based on the lender's policies and your credit profile.