Loan & EMI Calculator
Calculate monthly EMI, total interest and a full amortisation schedule for any loan amount, rate and tenure. Free, private, runs in your browser.
Loan details
Summary
Amortisation schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $22,367.19 | $6,302.77 | $16,064.43 | $243,697.23 |
| 2 | $22,367.19 | $6,724.87 | $15,642.32 | $236,972.36 |
| 3 | $22,367.19 | $7,175.25 | $15,191.94 | $229,797.11 |
| 4 | $22,367.19 | $7,655.79 | $14,711.40 | $222,141.32 |
| 5 | $22,367.19 | $8,168.51 | $14,198.68 | $213,972.80 |
| 6 | $22,367.19 | $8,715.57 | $13,651.62 | $205,257.23 |
| 7 | $22,367.19 | $9,299.27 | $13,067.92 | $195,957.95 |
| 8 | $22,367.19 | $9,922.06 | $12,445.13 | $186,035.89 |
| 9 | $22,367.19 | $10,586.56 | $11,780.63 | $175,449.33 |
| 10 | $22,367.19 | $11,295.56 | $11,071.63 | $164,153.77 |
| 11 | $22,367.19 | $12,052.05 | $10,315.15 | $152,101.72 |
| 12 | $22,367.19 | $12,859.20 | $9,508.00 | $139,242.53 |
| 13 | $22,367.19 | $13,720.40 | $8,646.79 | $125,522.13 |
| 14 | $22,367.19 | $14,639.28 | $7,727.91 | $110,882.85 |
| 15 | $22,367.19 | $15,619.70 | $6,747.49 | $95,263.15 |
| 16 | $22,367.19 | $16,665.78 | $5,701.41 | $78,597.37 |
| 17 | $22,367.19 | $17,781.92 | $4,585.28 | $60,815.45 |
| 18 | $22,367.19 | $18,972.81 | $3,394.39 | $41,842.64 |
| 19 | $22,367.19 | $20,243.45 | $2,123.74 | $21,599.19 |
| 20 | $22,367.19 | $21,599.19 | $768.00 | $0.00 |
See what a loan really costs
Enter the amount, interest rate and term to get the monthly payment, the total you will repay, and the total interest — the number lenders least like to advertise. The calculation uses the standard amortisation formula, the same one banks use for car loans, personal loans and mortgages.
The interest total is where comparisons get honest: a lower monthly payment stretched over a longer term routinely costs thousands more overall. Compare two offers by total interest, not by the monthly figure — and check whether a quoted rate is annual (APR) or monthly before entering it.
Your figures never leave the browser, so you can model real salaries and real debts without feeding a lead-generation form. Change any input and everything recalculates instantly.
Frequently asked questions
How is the monthly payment calculated?
With the standard EMI formula: payment = P × r / (1 − (1 + r)^−n), where P is the amount borrowed, r the annual rate divided by 12, and n the number of monthly payments. A 250,000 loan at 6.5% over 20 years comes to about 1,864 a month.
What is an amortisation schedule?
A table showing, for each payment, how much goes to interest, how much reduces the balance, and what is still owed. Early payments are mostly interest; the split reverses over the term. The schedule can be viewed by year or by month.
Can I enter the term in months instead of years?
Yes. Switch the term unit to months for car loans and short personal loans quoted as 36 or 48 payments. Terms up to 100 years are supported.
Is the interest rate the same as the APR?
Not always. Enter the nominal annual interest rate; the APR a lender advertises may also include arrangement fees, which this calculator does not model. If the two are close, the APR will give a slightly conservative estimate.
What happens with a 0% loan?
The payment is simply the amount divided by the number of months, and the total interest is zero. Interest-free retail finance can be checked this way.