Loan EMI Calculator

This comprehensive loan EMI calculator helps you determine your monthly loan payments and provides detailed insights into your loan repayment schedule. Simply enter your loan amount, annual interest rate, and loan tenure to get started.

Features:

  • Calculate monthly EMI with precise mathematical formulas
  • View total interest payable over the loan tenure
  • Detailed month-by-month payment schedule
  • Processing fee calculation
  • Prepayment analysis and savings calculation
  • Visual breakdown of principal vs interest components

How to use:

  1. Enter your desired loan amount
  2. Input the annual interest rate offered by your lender
  3. Specify the loan tenure in months
  4. Add processing fee percentage (if applicable)
  5. Optional: Add prepayment amount and month for savings analysis
  6. Click "Calculate EMI" to view results

Understanding Your Results:

  • Monthly EMI: Your fixed monthly payment amount
  • Total Interest: Total interest you'll pay over the loan tenure
  • Total Amount: Total of principal + interest
  • Processing Fee: One-time fee charged by the lender
  • Total Cost: Complete cost including all fees
  • Prepayment Savings: Interest saved by making prepayments