Loan Repayment Calculator — EMI and Amortization Schedule
Calculate monthly EMI payments, total interest paid, and full amortization schedule for any loan. Supports home loans, car loans, and personal loans. Free, instant, runs in browser.
Loan type guide
- —EMI / Annuity — fixed monthly payment throughout. Early EMIs are mostly interest; later EMIs mostly principal. Used in India, USA, UK, Canada, most EU.
- —Interest-only — pay only interest each month; full principal due at end or during an amortising phase. Common in Sweden, Denmark, Netherlands.
- —Linear amortization — equal principal every month; total payment is highest at start and decreases. Popular in Sweden, Finland, Japan.
Prepayment strategies
- —Reduce tenure (EMI fixed) — EMI stays the same but the loan ends earlier. Saves more total interest. This is what most banks do by default.
- —Reduce EMI (tenure fixed) — after each prepayment your EMI is recalculated lower. Helps cash flow but saves less interest overall.
- —Use the prepayment section to model bonus payments, salary hikes, or lump-sum injections.
Notes
- —For educational and planning use only. Actual bank calculations may use different rounding rules, fees, or regulations.
- —Prepayment rows highlighted in light green in the table.
- —Maximum 1,200 months (100 years) and 50 prepayment entries supported.