EMI Calculator

Calculate your EMI, explore different extra payment strategies, and view complete amortization schedules with real-time updates.

Loan Parameters

No Extra Payments

Standard EMI-only loan repayment

Basic Extra Payments

Monthly extra payments only

Advanced Extra Payments

Multiple payment frequencies + one-time payments

One-Time Extra Payments

Results update automatically as you change values

Loan Projection

Monthly EMI

₹25,984

Loan Amount: ₹30,00,000
Total Interest: ₹32,36,254
Total Payment: ₹62,36,254
Actual Loan Term: 20 years

Amortization Schedule

Month EMI Principal Interest Extra Payment Balance
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What is EMI?

  • Fixed monthly payment for loans
  • Includes principal and interest
  • Amount remains constant
  • Easy to plan finances

EMI Formula

  • P: Principal amount borrowed
  • R: Monthly interest rate
  • N: Total months of tenure
  • Mathematical precision guaranteed

Smart Borrowing Tips

  • Compare rates from multiple lenders
  • Shorter tenure means less interest
  • Plan for early repayment options
  • Maintain stable credit score