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🏦 EMI Calculator
Calculate monthly EMI, total interest, total repayment, and a yearly amortization schedule for home, car, or personal loans.
⚡ Instant — no data is saved📊 Your EMI results
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Monthly EMI
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Total Interest
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Total Payment
📅 Yearly amortization schedule
💡 Interest makes up a larger share of early payments. Extra repayments usually reduce principal first, so paying extra earlier can reduce total interest.
How to use the EMI calculator
- Choose a loan preset or enter the principal and annual interest rate.
- Set the term in years and months.
- Review the monthly EMI, total interest, total repayment, and yearly schedule. These are estimates; your lender’s terms may differ.
Frequently asked questions
How is monthly EMI calculated?
EMI is calculated from the principal, monthly interest rate, and number of payments. The schedule shows estimated yearly totals.
Can I change the loan amount and rate?
Yes. Enter an amount and annual rate within the stated limits or choose a loan preset.
Does a longer term lower the EMI?
A longer term usually lowers the monthly payment but increases total interest.
What does the amortization schedule show?
It estimates principal repaid, interest paid, and remaining balance for each year.
Are my loan details saved?
No. Calculations run in your browser and are not saved by ToolGhar.