Loan Summary
₹0
Monthly Payment (EMI)
₹0
Total Interest Payable
₹0
Total Payment (Principal + Interest)
Amortization Schedule (First 12 Months)
| Month | Principal (₹) | Interest (₹) | Balance (₹) |
|---|
🔑 Key Features & Benefits
- Instant EMI computation using principal, interest rate & tenure.
- Suitable for multiple loan types: home, car, personal, business etc.
- Detailed loan summary & amortization schedule.
- Scenario planning — change inputs dynamically to see effects.
- Free & secure — calculates locally, no data storage.
📌 Use Cases
- Homebuyers planning loan repayment schedules.
- Car buyers estimating monthly EMIs.
- Borrowers evaluating personal loan affordability.
- Business owners estimating loan liabilities.
- Financial planners comparing loan options for clients.
❓ Frequently Asked Questions (FAQs)
- What is EMI?
EMI (Equated Monthly Instalment) is a fixed monthly payment combining principal and interest over a loan tenure. - How is EMI calculated?
It is calculated using the formula: P × R × (1+R)^N / [(1+R)^N − 1]. - Can this tool be used for different loans?
Yes — it works for home, car, personal and other loans by changing inputs. - Does this store my input data?
No — all calculations are done in the browser. Your data is not stored on server. - Does a longer tenure reduce EMI?
Yes, but it increases total interest paid over time.
