EMI Calculator - Free Loan EMI Calculator with Amortization Schedule
About EMI Calculator
EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay a loan. Our calculator uses the standard formula: EMI = P x r x (1+r)^n / ((1+r)^n - 1) where P is principal, r is monthly interest rate, and n is the number of monthly installments.
Use this calculator to plan your home loan, car loan, personal loan, or any other type of loan. The amortization schedule shows exactly how much goes toward principal vs. interest each month. You can view it yearly or monthly and even print it.
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