Free Loan EMI Calculator

Calculate your Equated Monthly Installment (EMI) for any loan. Whether it's a home loan, car loan, or personal loan, our calculator gives you accurate monthly repayment figures instantly.

What is EMI?

EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay a loan. It comprises two parts: the principal repayment and the interest payment.

How EMI Works

Early Payments: In the early years of a long-term loan (like a mortgage), most of your EMI goes toward paying off Interest.
Later Payments: As the loan matures, a larger portion of your EMI goes toward repaying the Principal.
Because the EMI amount stays the same, it makes budgeting easier.