How is EMI calculated?

EMI is calculated using the formula: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1), where P is principal, r is monthly rate, n is tenure in months.

What is an amortization schedule?

It's a table showing monthly breakdown of principal, interest, and remaining balance over the loan tenure.

Can I change tenure from years to months?

Yes, use the toggle buttons to switch between years and months for precise calculations.

Are the interest rates fixed?

Rates are indicative; actual rates may vary by lender. Adjust the rate slider for custom scenarios.

EMI Calculator India

Calculate EMIs for Home, Personal, Car, Business, Mortgage, and Education Loans with ease.

Calculate Now

About LoanPao’s EMI Calculator

LoanPao’s EMI Calculator helps you compute monthly installments for various loan types. Enter loan amount, interest rate, and tenure to get instant EMI, total interest, and amortization schedule. Use our home loan emi calculator, personal loan emi calculator, or any other for precise planning. Access emi calculator online for free.

Benefits of Using LoanPao EMI Calculator

Instant Calculations

Get EMI results in seconds with accurate breakdowns.

Visual Insights

View pie charts and line graphs for principal vs interest.

Export Schedules

Download amortization in PDF or Excel for records.

Loan EMI Calculator

Loan Amount (₹)

Interest Rate (% p.a.)

Tenure (Years)

Loan Amount (₹)

Interest Rate (% p.a.)

Tenure (Years)

Loan Amount (₹)

Interest Rate (% p.a.)

Tenure (Years)

Loan Amount (₹)

Interest Rate (% p.a.)

Tenure (Years)

Loan Amount (₹)

Interest Rate (% p.a.)

Tenure (Years)

Loan Amount (₹)

Interest Rate (% p.a.)

Tenure (Years)

Monthly EMI: ₹0.00

Total Interest Payable: ₹0.00

Total Payment (Principal + Interest): ₹0.00

Amortization Schedule

Month	Principal Paid (₹)	Interest Paid (₹)	Balance (₹)

Tips for Managing EMIs

Choose shorter tenures to reduce total interest paid.
Prepay loans when possible to lower EMIs or tenure.
Compare rates from multiple lenders for best deals.
Use sbi emi calculator or others for bank-specific estimates.
Factor in processing fees and other charges.