DocomintEMI Calculator
Calculate the monthly EMI on a loan from its principal, interest rate, and term in months.
EMI (Equated Monthly Installment) is the fixed amount a borrower pays each month on a loan — the same figure a bank's loan quote shows, computed from the reducing-balance formula rather than a flat interest estimate, which is why the monthly figure stays constant even though the interest/principal split within it shifts every month.
Example: A $500,000 loan at 8.5% annual interest over 60 months works out to an EMI of $10,258.27/month — a total repayment of $615,496, of which $115,496 is interest on top of the original principal.
How it works
- Enter the loan amount, annual interest rate, and term in months
- Press Calculate EMI
- The monthly installment, total payment, and total interest appear instantly, computed on your device
Frequently asked questions
What does EMI stand for?
Equated Monthly Installment — the fixed monthly payment on a loan, calculated so principal and interest are fully paid off by the end of the term while the payment amount itself never changes.
Does the interest portion of an EMI change over time?
Yes — even though the total EMI stays fixed, the split between principal and interest shifts every month. Early payments are mostly interest (since the outstanding balance is highest); later payments are mostly principal, as the balance shrinks. See Mortgage Calculator's amortization schedule for a visual breakdown.
Is my numbers uploaded anywhere?
No — EMI Calculator runs entirely in your browser using JavaScript/WebAssembly. Your numbers is never sent to a server.