Calculate Equated Monthly Installment (EMI) for loans and mortgages
Monthly EMI
Rs. 16,726.81
Loan Principal
Rs. 500,000
Total Interest
Rs. 102,165
Total Payable
Rs. 602,165
Access a comprehensive, scrollable monthly breakdown of interest, principal, and remaining balance for full transparency.
Factoring in down payments directly reduces the calculated loan principal, saving you interest.
Instantly adjust numbers with sliders or enter exact values in text boxes for custom planning.
Everything runs inside your web browser. We never upload your text, files, or personal data to any servers.
No sign-ups, no subscriptions, and no usage limits. Get your results instantly in a single click.
EMI stands for Equated Monthly Installment. It is a fixed payment made by a borrower to a lender at a specified date each calendar month, combining principal and interest components.
The calculator uses the standard loan formula: EMI = P * r * (1 + r)^n / ((1 + r)^n - 1), where P is the loan principal (asset value minus down payment), r is the monthly interest rate, and n is the loan tenure in months.
A down payment reduces the actual amount you need to borrow. A lower principal means smaller monthly payments and significantly less interest paid over the loan tenure.
Under the 'Large Loan' tab, you can calculate loans with tenure up to 30 years (360 months) and asset value up to Rs. 10 Crores.
The amortization schedule is computed dynamically in your browser. You can select and copy the table directly or print the page to save the details.
Yes, completely. All calculations and file conversions happen entirely inside your own browser. We do not store, view, or upload any of your input data to our servers.
No. UtilsGo is 100% free. You don't need to create an account, register, or pay for any features.
"Before buying my car, I used this to calculate monthly payments. Very accurate and saved me from overpaying."
Neha Gupta
✓ Verified"Helped me understand the loan breakdown. The interest calculation is spot on."
Vikram Singh
✓ VerifiedThousands of users trust UtilsGo daily
Built by UtilsGo • Last updated May 2026 • No ads • No tracking