Calculate loan EMI, interest amount, repayment schedule and payment breakdown instantly with our modern EMI calculator. Supports both Diminishing Rate and Flat Rate calculations.
Enter your loan details below to calculate EMI instantly.
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay your loan over a specific period of time.
EMI includes both principal amount and interest amount. The repayment amount remains fixed every month for diminishing loans.
EMI is calculated using the standard loan formula:
| Month | EMI | Interest | Principal | Balance |
|---|
Interest is calculated on the remaining balance. As the loan balance decreases, interest amount also decreases.
Interest is calculated on the full principal amount throughout the loan tenure.