Free everyday calculator
EMI Calculator
Estimate monthly loan payments, total repayment, interest, and yearly balances.
Your result
| Year | Opening balance | Principal paid | Interest paid | Closing balance |
|---|
How it works
Formula
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1).
Worked example
Example
At zero interest, the principal is divided evenly across all monthly payments.