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Free Online Loan EMI Calculator with Amortization Schedule

Calculate your Equated Monthly Installment (EMI) for any loan by entering the loan amount, interest rate, and tenure. See a detailed breakdown of total interest payable, total payment amount, and a month-by-month amortization schedule showing how much of each payment goes toward principal vs. interest. Features a visual pie chart comparing total principal and interest. Supports home loans, car loans, personal loans, and education loans.

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10%
5 yrs

Monthly EMI

21,247

Principal: 10,00,000
Interest: 2,74,823
Total: 12,74,823

Frequently Asked Questions

EMI = [P × r × (1+r)^n] / [(1+r)^n - 1], where P is the principal loan amount, r is the monthly interest rate (annual rate / 12 / 100), and n is the total number of monthly installments.