Free EMI Calculator with Amortization Schedule

Calculate loan EMI with detailed amortization table, prepayment scenarios, and interest savings analysis. India's best home loan EMI planner with comprehensive financial planning tools for all loan types including personal loans, car loans, and business financing. Get instant loan EMI calculations, monthly installment breakdowns, and loan repayment schedules to make informed borrowing decisions.

EMI Planning Guide

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EMI Calculator

Plan your loan with detailed analysis

Home Loan EMI Calculator - Enter Loan Details

Rs.
Enter the total loan amount you need
%
Annual interest rate offered by bank
Years
Loan repayment period
Select the type of loan you're planning

Prepayment Options

Quick Loan EMI Scenarios - Popular Loan Amounts

💡 Click any preset to instantly load common loan scenarios

Loan EMI Calculation Results - Monthly Payment Breakdown

Monthly EMI: ₹0
Total Interest: ₹0
Total Amount: ₹0
Loan Tenure: 0 years
Interest Rate: 0% p.a.

Principal vs Interest Breakdown

Amortization Schedule

How to Use EMI Calculator

1

Enter Loan Details

Input loan amount, interest rate, tenure, and select loan type for accurate calculations and relevant advice.

2

Explore Prepayment Options

Enable prepayment scenarios to see how additional payments can save interest and reduce loan tenure significantly.

3

Analyze Payment Structure

View detailed principal vs interest breakdown chart to understand how your payments are distributed over time.

4

Review Amortization Schedule

Check month-by-month payment breakdown to plan your finances and download detailed PDF report.

Loan Types & Interest Rates

Home Loan EMI Calculator (8-9.5% interest)

Tenure: Up to 30 years
Features: Tax benefits, lower interest rates, mortgage loan options
Best for: Property purchase, construction, home improvement
Tip: Use our Rent vs Buy Calculator to decide before applying

Car Loan EMI Calculator (7-12% interest)

Tenure: Up to 7 years
Features: Quick approval, asset-backed financing, vehicle loan options
Best for: New/used car purchase, two-wheeler loans
Tip: Calculate affordability with our Compound Interest Calculator

Personal Loan EMI Calculator (10-18% interest)

Tenure: Up to 5 years
Features: No collateral, flexible use, unsecured lending
Best for: Medical expenses, travel, debt consolidation, wedding
Tip: Plan your budget with Split Bill Calculator for expense management

Business Loan EMI Calculator (11-16% interest)

Tenure: Up to 10 years
Features: Working capital, expansion funding, MSME loans
Best for: Business growth, equipment purchase, inventory financing
Tip: Use GST Calculator to understand tax implications

Smart EMI Planning Tips

40% Debt-to-Income Rule

Guideline: Keep total EMIs under 40% of monthly income
Example: Rs.1L income = Max Rs.40K total EMIs
Benefit: Maintains healthy cash flow and financial stability
Tool: Use this EMI calculator to check affordability

Prepayment Strategy for Loan Savings

Best time: Early years when interest component is high
Amount: Use bonus, tax refunds, surplus income
Impact: Reduces principal faster, saves lakhs in interest
Plan: Build corpus with SIP Calculator

Interest Rate Comparison Strategy

Research: Compare rates from multiple banks and NBFCs
Negotiate: Use competitive offers for better deals
Impact: 0.5% rate reduction = Rs. 50K+ savings on 25L home loan
Monitor: Track rate changes for refinancing opportunities

Frequently Asked Questions

What is EMI and how is it calculated?

EMI (Equated Monthly Installment) is a fixed monthly payment for loans that includes both principal and interest components. It's calculated using principal amount, annual interest rate, and loan tenure using the standard EMI formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P=Principal, R=Monthly interest rate, N=Number of months.

Should I choose longer or shorter loan tenure?

Shorter loan tenure means higher monthly EMI but significantly lower total interest cost. Longer tenure reduces monthly EMI burden but increases total repayment amount. Choose based on your monthly budget, income stability, and financial goals. Use our EMI calculator to compare different tenure scenarios.

When should I make loan prepayments?

Make prepayments during initial years when interest component is highest in your EMI. Use windfalls like annual bonuses, tax refunds, salary increments, or surplus income for maximum interest savings. Even small prepayments can save lakhs over the loan tenure.

Fixed vs Floating interest rates?

Fixed rates remain constant, providing payment certainty. Floating rates change with market conditions and can be lower initially but carry uncertainty.

How to reduce monthly EMI burden?

Reduce EMI burden by increasing down payment (reduces principal), negotiating better interest rates with banks, choosing longer repayment tenure, or making regular prepayments to reduce outstanding principal faster. Consider balance transfer to banks offering lower rates.

What is loan amortization schedule?

Loan amortization schedule is a detailed month-by-month breakdown showing how each EMI payment is split between principal repayment and interest payment. It helps track loan progress, remaining balance, and understand the loan repayment pattern over time.

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