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Online EMI Calculator - Calculate Your Loan Installments Easily
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Online EMI Calculator - Calculate Your Loan Installments Easily

Use our Online EMI Calculator to quickly compute fixed monthly payments for loans such as home, personal, or auto loans. Get detailed insights into total payment and total interest with high accuracy.

Options

Result

Loan EMI ($): 739.69

Total Payment ($): 133,144.20

Total Interest ($): 33,143.69

Balance

Interest

Principal

0 yr

5 yr

10 yr

15 yr

№ BEGINNING BALANCE ($) INTEREST ($) PRINCIPAL ($) ENDING BALANCE ($)
1 100,000.00 3,909.60 4,966.68 95,033.32
2 95,033.32 3,707.25 5,169.03 89,864.29
3 89,864.29 3,496.66 5,379.62 84,484.67
4 84,484.67 3,277.48 5,598.80 78,885.87
5 78,885.87 3,049.38 5,826.90 73,058.97
6 73,058.97 2,811.98 6,064.30 66,994.67
7 66,994.67 2,564.91 6,311.37 60,683.30
8 60,683.30 2,307.78 6,568.50 54,114.80
9 54,114.80 2,040.17 6,836.11 47,278.69
10 47,278.69 1,761.65 7,114.63 40,164.06
11 40,164.06 1,471.79 7,404.49 32,759.57
12 32,759.57 1,170.12 7,706.16 25,053.41
13 25,053.41 856.16 8,020.12 17,033.30
14 17,033.30 529.41 8,346.87 8,686.42
15 8,686.42 189.34 8,686.94 0.00
№ BEGINNING BALANCE ($) INTEREST ($) PRINCIPAL ($) ENDING BALANCE ($)
1 100,000.00 333.33 406.36 99,593.64
2 99,593.64 331.98 407.71 99,185.93
3 99,185.93 330.62 409.07 98,776.86
4 98,776.86 329.26 410.43 98,366.43
5 98,366.43 327.89 411.80 97,954.63
6 97,954.63 326.52 413.17 97,541.45
7 97,541.45 325.14 414.55 97,126.90
8 97,126.90 323.76 415.93 96,710.97
9 96,710.97 322.37 417.32 96,293.65
10 96,293.65 320.98 418.71 95,874.93
11 95,874.93 319.58 420.11 95,454.83
12 95,454.83 318.18 421.51 95,033.32
#1
13 95,033.32 316.78 422.91 94,610.41
14 94,610.41 315.37 424.32 94,186.09
15 94,186.09 313.95 425.74 93,760.35
16 93,760.35 312.53 427.16 93,333.19
17 93,333.19 311.11 428.58 92,904.62
18 92,904.62 309.68 430.01 92,474.61
19 92,474.61 308.25 431.44 92,043.17
20 92,043.17 306.81 432.88 91,610.29
21 91,610.29 305.37 434.32 91,175.96
22 91,175.96 303.92 435.77 90,740.19
23 90,740.19 302.47 437.22 90,302.97
24 90,302.97 301.01 438.68 89,864.29
#2
25 89,864.29 299.55 440.14 89,424.15
26 89,424.15 298.08 441.61 88,982.54
27 88,982.54 296.61 443.08 88,539.46
28 88,539.46 295.13 444.56 88,094.90
29 88,094.90 293.65 446.04 87,648.86
30 87,648.86 292.16 447.53 87,201.33
31 87,201.33 290.67 449.02 86,752.31
32 86,752.31 289.17 450.52 86,301.80
33 86,301.80 287.67 452.02 85,849.78
34 85,849.78 286.17 453.52 85,396.26
35 85,396.26 284.65 455.04 84,941.22
36 84,941.22 283.14 456.55 84,484.67
#3
37 84,484.67 281.62 458.07 84,026.59
38 84,026.59 280.09 459.60 83,566.99
39 83,566.99 278.56 461.13 83,105.86
40 83,105.86 277.02 462.67 82,643.19
41 82,643.19 275.48 464.21 82,178.98
42 82,178.98 273.93 465.76 81,713.22
43 81,713.22 272.38 467.31 81,245.90
44 81,245.90 270.82 468.87 80,777.03
45 80,777.03 269.26 470.43 80,306.60
46 80,306.60 267.69 472.00 79,834.60
47 79,834.60 266.12 473.57 79,361.02
48 79,361.02 264.54 475.15 78,885.87
#4
49 78,885.87 262.95 476.74 78,409.13
50 78,409.13 261.36 478.33 77,930.81
51 77,930.81 259.77 479.92 77,450.89
52 77,450.89 258.17 481.52 76,969.37
53 76,969.37 256.56 483.13 76,486.24
54 76,486.24 254.95 484.74 76,001.50
55 76,001.50 253.34 486.35 75,515.15
56 75,515.15 251.72 487.97 75,027.18
57 75,027.18 250.09 489.60 74,537.58
58 74,537.58 248.46 491.23 74,046.35
59 74,046.35 246.82 492.87 73,553.48
60 73,553.48 245.18 494.51 73,058.97
#5
61 73,058.97 243.53 496.16 72,562.81
62 72,562.81 241.88 497.81 72,064.99
63 72,064.99 240.22 499.47 71,565.52
64 71,565.52 238.55 501.14 71,064.38
65 71,064.38 236.88 502.81 70,561.57
66 70,561.57 235.21 504.48 70,057.09
67 70,057.09 233.52 506.17 69,550.92
68 69,550.92 231.84 507.85 69,043.07
69 69,043.07 230.14 509.55 68,533.52
70 68,533.52 228.45 511.24 68,022.28
71 68,022.28 226.74 512.95 67,509.33
72 67,509.33 225.03 514.66 66,994.67
#6
73 66,994.67 223.32 516.37 66,478.30
74 66,478.30 221.59 518.10 65,960.20
75 65,960.20 219.87 519.82 65,440.38
76 65,440.38 218.13 521.56 64,918.82
77 64,918.82 216.40 523.29 64,395.53
78 64,395.53 214.65 525.04 63,870.49
79 63,870.49 212.90 526.79 63,343.70
80 63,343.70 211.15 528.54 62,815.16
81 62,815.16 209.38 530.31 62,284.85
82 62,284.85 207.62 532.07 61,752.78
83 61,752.78 205.84 533.85 61,218.93
84 61,218.93 204.06 535.63 60,683.30
#7
85 60,683.30 202.28 537.41 60,145.89
86 60,145.89 200.49 539.20 59,606.69
87 59,606.69 198.69 541.00 59,065.69
88 59,065.69 196.89 542.80 58,522.88
89 58,522.88 195.08 544.61 57,978.27
90 57,978.27 193.26 546.43 57,431.84
91 57,431.84 191.44 548.25 56,883.59
92 56,883.59 189.61 550.08 56,333.51
93 56,333.51 187.78 551.91 55,781.60
94 55,781.60 185.94 553.75 55,227.85
95 55,227.85 184.09 555.60 54,672.25
96 54,672.25 182.24 557.45 54,114.80
#8
97 54,114.80 180.38 559.31 53,555.49
98 53,555.49 178.52 561.17 52,994.32
99 52,994.32 176.65 563.04 52,431.28
100 52,431.28 174.77 564.92 51,866.36
101 51,866.36 172.89 566.80 51,299.56
102 51,299.56 171.00 568.69 50,730.87
103 50,730.87 169.10 570.59 50,160.28
104 50,160.28 167.20 572.49 49,587.79
105 49,587.79 165.29 574.40 49,013.39
106 49,013.39 163.38 576.31 48,437.08
107 48,437.08 161.46 578.23 47,858.85
108 47,858.85 159.53 580.16 47,278.69
#9
109 47,278.69 157.60 582.09 46,696.59
110 46,696.59 155.66 584.03 46,112.56
111 46,112.56 153.71 585.98 45,526.58
112 45,526.58 151.76 587.93 44,938.64
113 44,938.64 149.80 589.89 44,348.75
114 44,348.75 147.83 591.86 43,756.89
115 43,756.89 145.86 593.83 43,163.05
116 43,163.05 143.88 595.81 42,567.24
117 42,567.24 141.89 597.80 41,969.44
118 41,969.44 139.90 599.79 41,369.65
119 41,369.65 137.90 601.79 40,767.86
120 40,767.86 135.89 603.80 40,164.06
#10
121 40,164.06 133.88 605.81 39,558.25
122 39,558.25 131.86 607.83 38,950.42
123 38,950.42 129.83 609.86 38,340.57
124 38,340.57 127.80 611.89 37,728.68
125 37,728.68 125.76 613.93 37,114.75
126 37,114.75 123.72 615.97 36,498.78
127 36,498.78 121.66 618.03 35,880.75
128 35,880.75 119.60 620.09 35,260.66
129 35,260.66 117.54 622.15 34,638.51
130 34,638.51 115.46 624.23 34,014.28
131 34,014.28 113.38 626.31 33,387.97
132 33,387.97 111.29 628.40 32,759.57
#11
133 32,759.57 109.20 630.49 32,129.08
134 32,129.08 107.10 632.59 31,496.49
135 31,496.49 104.99 634.70 30,861.79
136 30,861.79 102.87 636.82 30,224.97
137 30,224.97 100.75 638.94 29,586.03
138 29,586.03 98.62 641.07 28,944.96
139 28,944.96 96.48 643.21 28,301.75
140 28,301.75 94.34 645.35 27,656.40
141 27,656.40 92.19 647.50 27,008.90
142 27,008.90 90.03 649.66 26,359.24
143 26,359.24 87.86 651.83 25,707.41
144 25,707.41 85.69 654.00 25,053.41
#12
145 25,053.41 83.51 656.18 24,397.24
146 24,397.24 81.32 658.37 23,738.87
147 23,738.87 79.13 660.56 23,078.31
148 23,078.31 76.93 662.76 22,415.55
149 22,415.55 74.72 664.97 21,750.58
150 21,750.58 72.50 667.19 21,083.39
151 21,083.39 70.28 669.41 20,413.98
152 20,413.98 68.05 671.64 19,742.33
153 19,742.33 65.81 673.88 19,068.45
154 19,068.45 63.56 676.13 18,392.32
155 18,392.32 61.31 678.38 17,713.94
156 17,713.94 59.05 680.64 17,033.30
#13
157 17,033.30 56.78 682.91 16,350.38
158 16,350.38 54.50 685.19 15,665.19
159 15,665.19 52.22 687.47 14,977.72
160 14,977.72 49.93 689.76 14,287.96
161 14,287.96 47.63 692.06 13,595.89
162 13,595.89 45.32 694.37 12,901.52
163 12,901.52 43.01 696.68 12,204.84
164 12,204.84 40.68 699.01 11,505.83
165 11,505.83 38.35 701.34 10,804.49
166 10,804.49 36.01 703.68 10,100.82
167 10,100.82 33.67 706.02 9,394.80
168 9,394.80 31.32 708.37 8,686.42
#14
169 8,686.42 28.95 710.74 7,975.69
170 7,975.69 26.59 713.10 7,262.59
171 7,262.59 24.21 715.48 6,547.10
172 6,547.10 21.82 717.87 5,829.24
173 5,829.24 19.43 720.26 5,108.98
174 5,108.98 17.03 722.66 4,386.32
175 4,386.32 14.62 725.07 3,661.25
176 3,661.25 12.20 727.49 2,933.76
177 2,933.76 9.78 729.91 2,203.85
178 2,203.85 7.35 732.34 1,471.51
179 1,471.51 4.91 734.78 736.72
180 736.72 2.46 737.23 0.00
#15

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What Is This Tool?

This Online EMI Calculator helps you determine the fixed monthly installment (EMI) required to repay a loan over a specified term. It is designed to work with loans such as home loans, personal loans, and auto loans, providing precise calculations using a standard amortization formula.

How to Use This Tool?

  • Enter the principal loan amount (P) you wish to borrow
  • Provide the annual interest rate to calculate the monthly interest rate (r)
  • Specify the loan term in years, which is converted into total monthly installments (n)
  • Click the calculate button to obtain your monthly EMI, total payment, and total interest
  • Review the results to understand your monthly payment obligations and overall cost

Key Features

  • Calculates fixed monthly installment (EMI) using principal amount, interest rate, and loan term
  • Provides total payment and total interest figures for complete loan transparency
  • Uses a standard amortization formula ensuring high numerical accuracy
  • Supports loan terms expressed in months for detailed payment schedules
  • Easy-to-use, browser-based interface for quick loan calculations

Examples

  • For a principal of $15,000, annual interest rate of 9%, and a loan term of 3 years: The monthly interest rate is 0.0075 and total installments are 36 months. The EMI calculates to approximately $478.88, with total payment around $17,240 and total interest about $2,240.

Common Use Cases

  • Estimating monthly payments for home loans with fixed interest rates
  • Planning budgets for personal loans with fixed EMI structures
  • Calculating auto loan payments to understand affordability
  • Comparing loan offers based on different interest rates and terms

Tips & Best Practices

  • Ensure to input the correct annual interest rate to derive accurate monthly rates
  • Remember to convert loan tenure into total months for precise calculation
  • Use the calculator for fixed-rate loans as it assumes constant EMI payments
  • Review total interest and payment amounts to assess loan affordability clearly
  • Consider that fees and penalties are not included and should be assessed separately

Limitations

  • Assumes a fixed interest rate and constant EMI throughout the loan tenure
  • Does not account for processing fees, insurance, or prepayment penalties
  • Not suitable for loans with floating interest rates or variable EMI amounts
  • Does not include additional costs beyond principal and interest calculations

Frequently Asked Questions

What variables do I need to calculate EMI?
You need the principal loan amount (P), the monthly interest rate (r), which is the annual rate divided by 12, and the total number of monthly installments (n), which is the loan term multiplied by 12.

Does this calculator work for loans with changing interest rates?
No, this calculator assumes a fixed interest rate and fixed monthly payments for the loan tenure.

Can the calculator show total interest paid on the loan?
Yes, it provides the total interest by subtracting the principal from the total payment (EMI multiplied by the number of installments).

Key Terminology

P
Principal loan amount borrowed that needs to be repaid.
r
Monthly interest rate, calculated as the annual interest rate divided by 12.
n
Total number of monthly installments, derived by multiplying the loan term (in years) by 12.
EMI
Equated Monthly Installment, the fixed monthly payment amount to repay the loan.

Quick Knowledge Check

What does the ‘n’ variable represent in the EMI formula?
Which factor is NOT considered by this EMI calculator?
How is the monthly interest rate ‘r’ calculated?

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