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Loan / Mortgage Calculator - Calculate EMI & Amortization Schedule

Use this loan calculator to calculate your monthly EMI (Equated Monthly Installment) for a home loan, mortgage, or personal loan based on the loan amount, down payment, interest rate, and tenure. Easily view the total interest payable and a year-wise amortization schedule.

₹1L₹25,00,000₹5Cr
₹0₹5,00,000₹24,99,999
1%8.50%20%
1 yr20 years30 yrs
EMI (Equated Monthly Installment) stays fixed through the tenure, but the interest and principal split within each payment changes — early payments are interest-heavy, later payments are principal-heavy.

How does the Loan / Mortgage Calculator work?

This loan calculator estimates your monthly EMI using the standard amortization formula based on the principal (loan amount minus down payment), annual interest rate, and loan tenure. It also breaks down each year's payments into principal and interest, showing how the outstanding balance reduces over time — helping you understand the true cost of borrowing.

EMI Formula

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 number of monthly installments (loan tenure in years × 12).