⚡ Utility Tool

Loan EMI Calculator

Work out your monthly EMI, total interest and full repayment schedule for any home, car or personal loan.

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Loan Details

Results update live as you drag the sliders or type
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Twenty-Five Lakh Rupees
% / year
years
Monthly EMI
₹0
Total Interest
₹0
Total Payment
₹0
Principal 50% Interest 50%

📅 Yearly Amortization Schedule

YearPrincipal PaidInterest PaidTotal PaidBalance Left
Home Loan Car Loan Personal Loan Amortization Schedule Live Calculation
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Full Schedule
See year-by-year principal vs interest split, balance after every payment, with a monthly drill-down.
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Live Sliders
Drag amount, rate or tenure and watch EMI, interest and the chart update instantly.
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100% Private
Everything is computed in your browser. Loan details never leave your device.

What is an EMI Calculator?

An EMI (Equated Monthly Installment) is the fixed amount you pay every month towards a loan. ToolLove's EMI Calculator uses the standard reducing-balance formula — EMI = P × r × (1+r)n / ((1+r)n − 1) — where P is the loan principal, r is the monthly interest rate and n is the number of monthly installments.

Along with the EMI, you get the total interest payable over the full tenure and a complete amortization schedule showing exactly how each payment splits between principal and interest — invaluable when comparing home, car and personal loan offers from different banks.

❓ Frequently Asked Questions

EMI = P × r × (1+r)n / ((1+r)n − 1), where P = loan amount, r = annual rate ÷ 12 ÷ 100 (monthly rate), n = tenure in months. Early EMIs are mostly interest; later ones are mostly principal.

No — this shows the pure principal + interest EMI. Banks often add processing fees (0.25%–1%), insurance and taxes on top, so your actual outgo may be slightly higher.

On long tenures (20–30 years), interest often exceeds the principal itself. Try shortening the tenure or checking the amortization schedule — you'll see interest share shrinking rapidly in later years.

By default you see a compact yearly summary. Use the "Monthly view" button to expand all months with exact principal, interest and balance for every single payment.

No. All calculations run locally in your browser — nothing is uploaded or stored.