Loan Calculator - EMI Calculator with Amortization

Step-by-Step Instructions

1. Enter the total loan amount you need to borrow in dollars
2. Input the annual interest rate offered by your lender (as a percentage)
3. Specify the loan tenure (duration) in years or months
4. Select whether your tenure is in years or months from the dropdown
5. Click "Calculate EMI" to see your monthly payment and loan breakdown
6. Review the visual charts and detailed breakdown for complete analysis

Understanding the Results

The calculator provides your monthly EMI, total interest payable, and total payment amount. The pie chart shows the proportion of principal versus interest in your total payment, helping you understand the true cost of borrowing.

Home Loans and Mortgages

Calculate EMI for home loans, mortgages, and property purchases. Compare different loan terms and interest rates to find the most affordable monthly payment that fits your budget and long-term financial planning.

Personal Loans

Evaluate personal loan options for debt consolidation, medical expenses, education, or major purchases. Understand the total cost of borrowing and plan your repayment strategy effectively.

Auto Loans and Vehicle Financing

Calculate car loan EMI for new or used vehicle purchases. Compare different financing options from dealers, banks, and credit unions to secure the best terms for your automotive financing needs.

Business and Commercial Loans

Plan business expansion, equipment purchases, or working capital needs with accurate EMI calculations. Essential for cash flow planning and determining the impact of loan payments on business operations.