Calculate your monthly EMI instantly. Download your full amortization schedule as Excel — free, private, browser-only.
Fill in the loan details and click Calculate EMI
EMI = P × r × (1+r)ⁿ ÷ [(1+r)ⁿ − 1] where P = principal, r = monthly rate, n = months. Standard reducing-balance method used by all banks.
Your Excel contains a summary sheet (EMI, total interest, total payment) plus a full month-by-month schedule showing principal, interest, and closing balance.
All calculations happen in your browser. No data is sent to any server. Your loan details stay on your device.
A longer tenure lowers the EMI but increases total interest paid. Making part-prepayments reduces the principal and saves significant interest over the loan life.