Calculate monthly payments and amortization for mortgages, auto loans, or personal loans.
| # | Payment | Principal | Interest | Balance |
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EMI (Equated Monthly Installment) uses the formula: P × r × (1+r)^n / ((1+r)^n − 1), where P is loan amount, r is monthly rate (annual / 12 / 100), and n is number of months. Each payment is split between principal and interest — early payments are mostly interest.
EMI (Equated Monthly Installment) is the fixed monthly payment that fully repays a loan's principal and interest over its term.
Yes — alongside the monthly payment, it shows total interest, total amount repaid, and a full amortization schedule.
Yes — enter any principal, interest rate, and term, so it works for mortgages, auto loans, or personal loans alike.
Want more detail? Read How to Use Loan and EMI Calculator: Practical Guide and Best Practices.