Loan EMI calculator
Amortization statement
How it works
EMI is calculated from the loan amount, monthly interest rate, and number of monthly installments.
Simple example
If you borrow ₹5 lakh at 10.5% for 60 months, the EMI stays fixed, but the interest share is higher in early months and lower later.
What to look at
Look beyond EMI alone. Total interest and total paid tell you whether the tenure is actually cost-effective.
Important note
Real lender fees, insurance, and tax charges are not included in this estimate.
Frequently asked questions
What is EMI?
It is the equal monthly installment paid toward a loan.
Does lower EMI always mean a better loan?
Not always. A longer tenure can lower EMI but raise total interest.
Why does the amortization table matter?
It shows how each EMI splits into interest and principal.
Can I compare offers with this?
Yes, especially by changing rate and tenure.
Is this exact for every lender?
No. It is a simplified estimate.
Finance disclaimer
This calculator is for educational purposes only. It does not provide personalized financial, tax, legal, credit, or investment advice. Results are simplified estimates and may differ from actual bank, issuer, employer, lender, or tax outcomes.