EMI stands for Equated Monthly Installment — the fixed amount you pay every month to repay a loan. It includes both principal and interest.

How is EMI calculated?

EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the principal loan amount, r is the monthly interest rate (annual rate / 12 / 100), and n is the loan tenure in months.

What is an amortization schedule?

A table showing how each EMI payment splits between principal and interest, and the remaining loan balance after each payment. Early payments are mostly interest; later payments are mostly principal.

Which currencies are supported?

PKR, USD, INR, EUR, GBP, AED, and SAR. Pick the one matching your loan currency.

EMI Calculator

Free online EMI calculator for home loan, car loan, or personal loan. Calculate your monthly EMI with full amortization schedule. Supports PKR, USD, INR, EUR. No signup.

EMI Calculator

Calculate loan EMI (Equated Monthly Installment) with full amortization schedule. Free, no signup.

Loan amount

Currency

Annual interest rate (%)

Tenure

Unit

How to Use the EMI Calculator

1Enter the loan amount, annual interest rate and tenure in months or years.
2The monthly EMI calculates instantly using the standard reducing-balance formula.
3Review the total interest payable and the total payment alongside the EMI.
4Open the amortisation table to see the principal-interest split for every month.