EMI Calculator

Monthly EMI, amortization schedule, and **prepayments** (one‑time or recurring). See interest saved and months saved with “reduce tenure” or “recalculate EMI”.

Loan Amount Annual Rate (%) Tenure (months)

Recurring Extra / month (optional) One‑time Prepayment (optional) Prepayment Month #

Strategy

Monthly EMI—

Total Interest—

Total Payable—

Months (actual)—

Interest Saved—

Months Saved—

Amortization Schedule

First 12 60 All

Month

EMI

Extra

Interest

Principal

Prepay

Balance

How the EMI is calculated

EMI uses the standard formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1) where P is loan amount, r is monthly interest rate, and n is total months. We also support recurring extra payments and one‑time prepayments. Choose “reduce tenure” to finish sooner with the same EMI, or “recalculate EMI” to lower your monthly payment while keeping the tenure.

What this tool shows

Monthly EMI and total interest
A month‑by‑month amortization schedule
Impact of one‑time and recurring prepayments
Interest and months saved compared to no prepayments

All calculations run in your browser. We do not store your numbers.