Use our Loan / EMI Calculator with Repayment Schedule to quickly calculate monthly payments, total interest, and overall loan cost. This free online EMI calculator supports all major currencies, including USD, EUR, GBP, INR, PKR, JPY, and more. Perfect for home loans, personal loans, car loans, or business loans, it helps you plan finances efficiently.
Simply enter your loan amount, annual interest rate, and loan tenure (in years), select your currency, and click "Calculate EMI". Instantly get your monthly EMI, total interest payable, and total loan payment. The tool also generates a full repayment schedule showing monthly principal and interest breakdown, so you can track your loan payments over time.
This loan calculator is ideal for students, salaried professionals, business owners, and anyone planning to take a loan. It supports multiple currencies worldwide, making it suitable for users in India, Pakistan, USA, UK, Europe, Japan, Australia, and other countries. Use it for financial planning, budgeting, or comparing loan options.
Whether you are planning a home loan, car loan, personal loan, or business loan, our Loan / EMI Calculator is a must-have tool for calculating EMI, total interest, and creating a detailed repayment schedule. Try it now and take control of your finances!
Loan / EMI Calculator with Repayment Schedule
Key Features of This Loan / EMI Calculator
- Free and accurate EMI calculator for home, car, personal, or business loans
- Generates a full repayment schedule with monthly breakdown
- Supports all major currencies worldwide
- Instant calculation of monthly EMI, total interest, and total payment
- Easy to use, mobile-friendly, and user-friendly interface
- Helps in budgeting and financial planning
- Downloadable PDF repayment schedule for offline use
How to Use the Loan / EMI Calculator
- Select your currency from the dropdown menu.
- Enter your loan amount.
- Provide the annual interest rate (%).
- Enter the loan tenure in years.
- Click the Calculate EMI button.
- View your monthly EMI, total interest, and total payment instantly.
- Scroll down to see the full repayment schedule with monthly principal and interest details.
- Optionally, click Download as PDF to save your repayment schedule offline.
Why Use This Tool?
- 100% Free and accurate
- Instant EMI breakdown
- Supports all major currencies
- Perfect for students, bankers, or general users
✔ EMI Formula Used
We use the globally accepted EMI formula:
EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]P: Principal Loan Amount
R: Monthly Interest Rate
N: Number of Installments
✔ Tips to Reduce EMI
- Choose a longer loan tenure
- Increase your down payment
- Compare interest rates from different banks
- Maintain a strong credit score
- Consider loan refinancing options
Tips for Using the Loan / EMI Calculator Effectively
- Double-check the loan amount, interest rate, and tenure before calculating EMI.
- Compare EMI across multiple tenures to find a payment plan that fits your budget.
- Use the repayment schedule to track monthly payments and manage finances efficiently.
- Consider prepayment options or additional payments to reduce interest and tenure.
- Use multiple currencies if you are planning loans in different countries.
Loan / EMI Calculator FAQ
1. What is EMI?
EMI stands for Equated Monthly Installment, the fixed amount you pay every month to repay your loan. It includes both principal and interest components.
2. How is EMI calculated?
EMI is calculated using the standard formula: EMI = [P × R × (1+R)^N] / [(1+R)^N-1], where P = loan amount, R = monthly interest rate, N = total number of monthly payments.
3. Can I use this calculator for all types of loans?
Yes! This Loan / EMI Calculator works for home loans, personal loans, car loans, and business loans.
4. Does this tool support multiple currencies?
Absolutely. Choose from popular currencies such as USD, EUR, GBP, INR, PKR, JPY, AUD, CAD, AED, and more to see EMI and repayment schedules in your preferred currency.
5. Can I download the repayment schedule?
Yes! After calculating EMI, click Download as PDF to save the full repayment schedule for offline use or financial record-keeping.