EMI Calculator

Calculate loan EMI, amortization schedule, and export a branded PDF.

Used for period labels in the schedule and PDF. Defaults to next calendar month.
Monthly EMI
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Total interest
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Total payment
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Amortization schedule

# Period Opening EMI Interest Principal Closing
Important notice

This EMI and amortization schedule is an indicative estimate generated by a free online tool for educational and personal planning purposes only. It does not constitute financial, legal, tax, or lending advice, and it is not an offer, sanction letter, quotation, or official statement from any bank, NBFC, or lender.

Actual EMI amounts, interest, fees, taxes, and repayment schedules may differ based on the lender’s policies, compounding method, processing charges, prepayments, rate revisions, and other contractual terms. Please verify all figures independently with your bank or a qualified financial adviser before making any borrowing or repayment decision.

By using this tool or exporting a PDF, you acknowledge that SR Infobiz and its operators accept no liability for any loss, claim, decision, or consequence arising from reliance on these estimates.

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Free EMI calculator — loan instalments and amortization schedule for India

Estimate your monthly EMI for home, car, personal, or education loans using the standard reducing-balance formula banks use in India. Enter principal, annual interest rate, and tenure to see EMI, total interest, total payment, a full month-by-month amortization schedule, and an SR Infobiz–branded PDF export — all in your browser.

How to calculate EMI and export the schedule

  1. Enter the loan amount (principal), annual interest rate (%), and tenure in months or years.
  2. Optionally set the First EMI month for period labels on the schedule.
  3. Click Calculate EMI to see summary cards and the full amortization table (opening balance, EMI, interest, principal, closing balance).
  4. Click Export PDF to download a branded SR Infobiz schedule for offline sharing or printing.

EMI formula

EMI = P × r × (1+r)n ÷ ((1+r)n − 1), where P is principal, r is monthly interest rate, and n is the number of months. If the interest rate is 0%, EMI is simply P ÷ n. The schedule breaks each instalment into interest and principal on a reducing balance.

Common uses

  • Home and car loans — compare tenures before you apply.
  • Personal loans — estimate monthly burden vs take-home pay.
  • Planning — review how interest vs principal changes over time, then save a PDF.

Runs entirely in your browser

Calculation and PDF generation stay on your device — nothing is uploaded to a lender or our servers. For discount and markup maths, use the percentage calculator.

Important notice

Results are indicative estimates for planning only and are not financial advice or a bank quotation. Always confirm figures with your lender or a qualified adviser before acting. SR Infobiz accepts no liability for decisions made solely on the basis of this tool.

Need a custom tool or internal utility built for your team? Get in touch with SR Infobiz.

Frequently Asked Questions

Which EMI formula do you use?

The standard reducing-balance formula used by Indian banks: EMI = P × r × (1+r)^n / ((1+r)^n − 1), with r as the monthly rate.

What is the amortization schedule?

A month-by-month breakdown showing opening balance, EMI, interest portion, principal portion, and closing balance until the loan is paid off.

Can I export the schedule to PDF?

Yes. After calculating, click Export PDF to download an SR Infobiz–branded amortization schedule generated in your browser.

Is the PDF generated on my device?

Yes. The PDF is created entirely in your browser with JavaScript. Loan details are not uploaded to our servers.

Is this an official bank statement?

No. This is an indicative estimate for planning only — not an offer, sanction letter, or statement from any lender. Always verify figures with your bank or adviser before deciding.

Are you responsible if my bank’s EMI differs?

No. Lenders may use different fees, compounding, or terms. SR Infobiz provides this free tool as-is and accepts no liability for decisions or losses based on these estimates. Please cross-check independently.

Is this EMI calculator free?

Yes, completely free with no registration required.

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