Loan EMI Calculator

Key features

• Standard amortization maths: EMI = P·r·(1+r)ⁿ ÷ ((1+r)ⁿ − 1), with the formula shown right on the result panel.
• Loan tenure in years or months via a selector — years are converted to whole months for you.
• 0% interest is handled cleanly: the principal is simply divided evenly across the payments.
• A principal-vs-interest bar plus stat tiles for total interest, total payment, loan term and interest share.
• One-click copy of a summary line (amount, rate, term, EMI, totals) for notes or lender comparisons.

How it works

1. 1

   Enter the loan amount

   The principal in dollars — e.g. 250,000 for a mortgage or 20,000 for a car loan.

2. 2

   Add the annual rate

   The nominal yearly interest rate as a percentage, e.g. 7.5.

3. 3

   Set the tenure

   Type a number and choose Years or Months; the tool works with the resulting monthly schedule.

4. 4

   Review the payment and split

   The monthly EMI appears with the number of payments, a bar showing how much of every payment is principal versus interest, and tiles for total interest and total repayment.

Tips for better results

• 💡Compare scenarios: shortening a 30-year mortgage to 25 years often cuts total interest dramatically — run both and read the interest tiles.
• 💡Watch the interest-share percentage on long tenures; at higher rates, lifetime interest can approach or exceed the principal.
• 💡The estimate excludes fees, insurance, taxes and lender-specific rounding — your actual statement will differ.
• 💡Use the copy button to line up two or three loan offers side by side in a note.

Frequently asked questions