Loans & EMI / Free tool
Loan amortization calculator
Explore the principal and interest in every monthly payment.
Your estimate
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Illustrative estimate. See calculation assumptions below.
Monthly repayment schedule
Principal and interest, one payment at a time.
| Month | Payment | Principal | Interest | Balance |
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How this calculation works
EMI = P × r ÷ (1 − (1 + r)^(−n)), where r is the monthly rate and n is the number of monthly payments. At 0% interest, EMI = P ÷ n.
Assumptions & limitations
Monthly payments at the end of each month, a constant annual rate divided by 12, and reducing-balance interest. Excludes fees, taxes, insurance, moratoriums and rate changes. Actual lender schedules may differ.
Change the inputs to compare scenarios. A calculated illustration does not confirm a bank offer, investment return, insurance benefit or eligibility.