Loan Calculator

Calculate EMI, total interest, and generate detailed amortization schedule

Loan Details

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (Years)

Loan Summary

Monthly EMI

$0.00

Total Amount

$0.00

Total Interest

$0.00

Principal vs Interest Breakdown

$100,000.00

Principal Amount

$0.00

Total Interest

Loan Calculator Information

How EMI is Calculated:

EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ - 1)

• P = Principal loan amount
• r = Monthly interest rate
• n = Total number of monthly payments

Tips for Better Loans:

• Compare interest rates from multiple lenders
• Consider making extra principal payments
• Shorter terms mean less total interest
• Maintain good credit for better rates