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Loan Calculator
Calculate monthly EMI, total interest paid, and view a full month-by-month amortization schedule for any loan.
Enter your loan details above to calculate
Monthly EMI, total interest, and full amortization schedule
Privacy Note
All calculations run locally in your browser using the standard EMI formula. No data is ever sent to any server.
Frequently Asked Questions
EMI (Equated Monthly Installment) is the fixed monthly payment for a loan. It is calculated using the formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of months.
An amortization schedule shows each monthly payment broken down into its principal and interest components, along with the remaining loan balance after each payment. It helps you see how your loan is paid off over time.
Yes, a longer tenure lowers the monthly EMI but significantly increases the total interest paid over the life of the loan. A shorter tenure means higher monthly payments but less total interest.
Yes, the standard amortizing loan formula used here applies to fixed-rate mortgages, personal loans, and auto loans. It does not account for variable rate changes, balloon payments, or mortgage insurance.
Yes. All calculations happen in your browser using JavaScript. No loan data, amounts, or rates are sent to any server.
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