Free Online Loan and EMI Calculator, Monthly Payment, Schedule & Extra Payments
Work out the monthly payment on any loan, and see exactly where the money goes. Enter the amount, the interest rate and the term to get the EMI, the total interest and a full month-by-month schedule. Add an extra payment and watch the loan finish early, with the interest it saves shown beside it.
Free Forever Nothing Uploaded Full Schedule Extra Payments
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Loan / EMI CalculatorThe monthly payment, the total interest, and a full schedule.
Everything is worked out in your browser. No number you type is sent anywhere, and there is no account.
Your loan
Nothing is uploaded; every number stays in your browser.
$
%
$
Anything above the EMI goes straight onto the balance.
Result
The save button in the top bar keeps the numbers you have filled in, on this device only.
Numbers
Display
Size
Theme
Full screen hides the page around the tool. Press Escape, or the button in the bar, to come back.
History
Your data
Settings, history and saved setups live in this browser and nowhere else. There is no account and no server, which also means clearing them here is final.
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The payment never changes, but what it is made of does.
An EMI is a fixed payment, worked out so the loan lands exactly on zero at the end of the
term. Each month the interest is charged on whatever you still owe, and the rest of the
payment chips away at the balance. Because the balance is largest at the start, the interest
part is largest at the start too, and only a little goes to the principal.
This is why an extra payment early in a loan is worth far more than the same payment
late. Every rupee or dollar of extra goes straight onto the balance, and it removes all
the future interest that balance would have cost. The schedule here shows the payoff finishing
early and the interest that disappears, so you can see whether overpaying is worth it before
you commit to it. Check whether your lender allows overpayment without a penalty first.
A zero percent loan is a real thing, and the usual formula breaks on it. The standard
EMI formula divides by the interest rate, so a rate of zero would divide by zero. Some
calculators return an error or a blank; this one falls back to simply splitting the amount
evenly across the months, which is what a genuine interest-free loan actually is.
Where Your Input Goes
Nowhere. And you can check that yourself.
Your loan amount and rate are worked out in your browser and never sent anywhere.
It is all done by your own browser. Press F12, open the Network tab, and use the tool:
the page fetches its own code and nothing else. Or load the page, turn off your wifi, and
carry on. It still runs, because there was never a server in the middle.
How to Calculate a Loan EMI
A few steps, and nothing is uploaded.
1
Enter the loan amountThe sum you are borrowing. Nothing is uploaded; it stays in your browser.
2
Add the rate and the termThe yearly interest rate, and how long the loan runs, in years or months.
3
Read the payment and the scheduleThe EMI, the total interest, and a month-by-month breakdown of interest against principal.
4
Try an extra paymentAdd anything above the EMI and see how much sooner the loan ends and how much interest it saves.
What to Know About Loan Payments
Including the things this tool cannot do.
The EMI is fixed, but its split between interest and principal changes every month. Interest is charged on the balance you still owe, which is largest at the start, so early payments are mostly interest. The schedule shows the exact split for every month, which is the part a single payment figure hides.
An extra payment is worth much more early than late. It goes straight onto the balance and cancels all the future interest that balance would have cost. Adding an extra amount here shows the loan finishing early and the interest saved. Check that your lender allows overpayment without a penalty before relying on it.
This is the loan cost, not the loan offer. A real quote can include arrangement fees, insurance and a different way of counting the days, and the advertised APR folds some of those in. Use this to understand the mechanics and to compare like with like; use the lender's own figure as the number you will actually pay.
A zero percent loan is handled properly. The usual EMI formula divides by the rate, so zero would divide by zero. Here it falls back to splitting the amount evenly across the months, which is exactly what an interest-free loan is, rather than showing an error.
Key Features & Capabilities
What this tool does, and what it deliberately does not.
The monthly paymentThe EMI, the total interest and the total repaid, from amount, rate and term.
Full scheduleEvery month split into interest and principal, with the falling balance.
Extra paymentsSee the loan finish early and the interest an overpayment saves.
Zero percent handledAn interest-free loan splits evenly instead of dividing by zero.
History and saved setupsRecent calculations and named setups, kept on this device only.
Nothing uploadedYour loan figures never leave the browser.
About the Loan / EMI Calculator
A loan is easy to sign and hard to picture. The monthly payment is one number, but behind it is a schedule of interest and principal that decides how much the loan really costs and how a single overpayment can change everything. This calculator shows both: the payment, and the schedule underneath it.
Enter the amount, the rate and the term and you get the EMI, the total interest over the life of the loan, and a month-by-month table. Add an extra payment and the table redraws to show the loan ending early and the interest that overpaying removes, which is usually a larger number than people expect.
It is deliberately about the mechanics rather than a sales quote. There is no rate fetched from anywhere, no offer, and no advice on whether to borrow. You supply the numbers, the arithmetic happens in your browser, and nothing you type is sent anywhere. For the figure you will actually pay, compare this against the lender's own APR, which may fold in fees this does not.
Frequently Asked Questions
What an EMI is, why early payments are mostly interest, and what overpaying saves.
An Equated Monthly Instalment: a fixed payment that covers the interest for the month and chips away at the balance, worked out so the loan reaches zero exactly at the end of the term. It stays the same each month; only its split between interest and principal changes.
Because interest is charged on what you still owe, and you owe the most at the start. Early payments are mostly interest and little principal; that reverses over the loan, which is what the schedule shows month by month.
Often yes, especially early on. An overpayment goes straight onto the balance and cancels all the future interest that balance would have cost. Enter an extra amount to see the payoff date move up and the interest saved. Just check your lender allows overpayment without a penalty.
The core payment will match. Small differences come from fees, insurance, or how the lender counts the days in a period, and from the APR folding some costs in. Use this to understand and compare; use the lender's number for what you will actually pay.
No. Everything is worked out in your browser. History and saved setups live on this device only, and there is no account. You can confirm it in the Network tab or by working offline.
