Davemi ToolsEMI Calculator
Calculate loan EMI, total interest, and the full repayment schedule.
Monthly EMI
0
Total Interest
0
Total Payment
0
Amortization Schedule
| Month | Principal | Interest | Balance |
|---|
Frequently Asked Questions
How is EMI calculated?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments. This is the standard formula used by banks and lenders.
What does the amortization schedule show?
For each month, it splits your fixed EMI into how much goes toward interest versus principal, and the remaining loan balance. Early payments are interest-heavy; later payments pay down more principal.
Is my loan information stored anywhere?
No. The calculation runs entirely in your browser — nothing is saved or transmitted.
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