Loan / EMI Calculator
Monthly EMI, total interest and a full amortization schedule.
Files and text are processed locally in your browser. Tools that must reach the network say so explicitly.
About the Loan / EMI Calculator
Work out the monthly payment (EMI) on a loan and see exactly how it is repaid. The Toolcenter Loan Calculator shows total interest, total paid and a month-by-month amortization schedule. Add an extra monthly payment to see how many months and how much interest you save. Supports 11 currencies.
How to use it
- 1Enter the loan amount, interest rate and term.
- 2Optionally add an extra monthly payment.
- 3Choose your currency.
- 4Review the payment, totals and amortization table.
Key features
- Monthly EMI and total interest
- Full amortization schedule
- Extra-payment payoff and interest savings
- 11 currencies
- Runs offline, nothing stored
Frequently asked questions
What is EMI?+
Equated Monthly Instalment — the fixed amount you pay each month, combining interest and principal, so the loan is fully repaid over the term.
How do extra payments help?+
Every extra amount goes straight to principal, which shortens the term and cuts total interest. The tool shows both savings.
Which formula is used?+
The standard amortising loan formula: P·r / (1 − (1+r)⁻ⁿ), where r is the monthly rate and n the number of months.
Is my financial data saved?+
Values are kept only in your browser so the form remembers them. Nothing is sent anywhere.
Also searched as
Related calculators
Age Calculator
Exact age in years, months, days plus next-birthday countdown.
BMI Calculator
Body Mass Index with healthy-range guidance, metric or imperial.
Percentage Calculator
Percent of, increase/decrease, and what-percent calculations.
Mortgage Calculator
Estimate payments with down payment, taxes, insurance and PMI.
Compound Interest Calculator
Project growth with regular contributions and any compounding.
Tax Calculator
Add or remove sales tax / VAT and see the breakdown.