Loan & EMI Calculator
Calculate your loan or mortgage monthly payment (EMI), total interest and total cost, with a full month-by-month amortization schedule and a principal-vs-interest breakdown. Multi-currency, free.
Monthly payment
$202.76
Total interest
$2,165.84
Total paid
$12,165.84
How to use the Loan & EMI Calculator
- 1
Enter the loan amount, interest rate and term in years.
- 2
See your monthly payment, total interest and total paid instantly.
- 3
Expand the amortization schedule to see every payment.
- 4
Share the result or try different rates.
Frequently asked questions
What formula is used?
The standard amortizing loan (EMI) formula: M = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1), where r is the monthly rate and n is the number of months.
Does it show an amortization table?
Yes — expand the schedule to see principal, interest and remaining balance for every payment.
Can I use my currency?
Yes, pick from several currencies for formatted results.
Tips & discussion
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