EMI Calculator
Calculate your Equated Monthly Installment (EMI) for loans with detailed breakdown of principal and interest components.
Loan Details
Enter your loan information
Results
Your EMI breakdown
Monthly EMI
$8,791.59
Principal Amount$100,000.00
Total Interest$5,499.06
Total Payment$105,499.06
How to Use the EMI Calculator
Our EMI calculator helps you understand your loan repayment structure. Simply enter:
- Principal Amount: The total loan amount you want to borrow
- Annual Interest Rate: The yearly interest rate charged by the lender
- Loan Tenure: The number of months over which you'll repay the loan
The calculator will instantly show you your monthly EMI, total interest payable, and total amount to be repaid.
Understanding EMI Components
Each EMI payment consists of two parts:
- Principal Component: The portion that reduces your loan balance
- Interest Component: The interest charged on the outstanding balance
In the initial months, a larger portion goes towards interest. As you progress, more of your EMI goes towards reducing the principal.