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Flexible loan EMI, interest and total repayment.
A loan calculator computes the fixed monthly payment on any amortising loan and breaks down how each instalment splits between interest and principal. It works for personal, education, business or any equal-instalment loan.
Alongside the summary it shows an amortization schedule for the first year, so you can see exactly how your balance falls month by month.
Each month: interest = balance × i, principal = EMI − interest, and the balance falls until it reaches zero.
A month-by-month table showing how much of each payment goes to interest, how much to principal, and the balance remaining after the payment.
Interest is charged on the outstanding balance, which is highest at the start. As the balance falls, the interest share shrinks and the principal share grows.
Borrow less, secure a lower rate, choose a shorter term, or make prepayments — each reduces the interest paid over the loan's life.
Yes, for any loan repaid in equal monthly instalments at a fixed rate. For loans with taxes and insurance or extra payments, use the dedicated mortgage tools.