Free EMI Calculator with Amortization Schedule

Manual EMI calculations are slow and easy to get wrong — one mistake can cost you lakhs over a loan tenure. Use Zubizi's free EMI calculator to get your exact monthly instalment, full payment schedule, and foreclosure plan in seconds.

₹
₹
%
%
Monthly EMI
₹21,494
Principal Amount
₹10,00,000
Total Interest
₹2,89,634
Total Amount Payable₹12,89,634
77.5%22.5%

Amortization Schedule

MonthPrincipalInterestTotal PaymentBalanceAction
2026₹38,567₹25,914₹64,482₹9,61,433
Oct₹12,744₹8,750₹21,494₹9,87,256
Nov₹12,855₹8,638₹21,494₹9,74,401
Dec₹12,968₹8,526₹21,494₹9,61,433
2027₹1,64,756₹93,171₹2,57,927₹7,96,677
Jan₹13,081₹8,413₹21,494₹9,48,351
Feb₹13,196₹8,298₹21,494₹9,35,156
Mar₹13,311₹8,183₹21,494₹9,21,844
Apr₹13,428₹8,066₹21,494₹9,08,417
May₹13,545₹7,949₹21,494₹8,94,871
Jun₹13,664₹7,830₹21,494₹8,81,208
Jul₹13,783₹7,711₹21,494₹8,67,424
Aug₹13,904₹7,590₹21,494₹8,53,520
Sep₹14,026₹7,468₹21,494₹8,39,495
Oct₹14,148₹7,346₹21,494₹8,25,346
Nov₹14,272₹7,222₹21,494₹8,11,074
Dec₹14,397₹7,097₹21,494₹7,96,677
2028₹1,82,912₹75,015₹2,57,927₹6,13,765
Jan₹14,523₹6,971₹21,494₹7,82,154
Feb₹14,650₹6,844₹21,494₹7,67,504
Mar₹14,778₹6,716₹21,494₹7,52,726
Apr₹14,908₹6,586₹21,494₹7,37,818
May₹15,038₹6,456₹21,494₹7,22,780
Jun₹15,170₹6,324₹21,494₹7,07,611
Jul₹15,302₹6,192₹21,494₹6,92,309
Aug₹15,436₹6,058₹21,494₹6,76,872
Sep₹15,571₹5,923₹21,494₹6,61,301
Oct₹15,708₹5,786₹21,494₹6,45,594
Nov₹15,845₹5,649₹21,494₹6,29,749
Dec₹15,984₹5,510₹21,494₹6,13,765
2029₹2,03,070₹54,857₹2,57,927₹4,10,695
Jan₹16,123₹5,370₹21,494₹5,97,642
Feb₹16,265₹5,229₹21,494₹5,81,377
Mar₹16,407₹5,087₹21,494₹5,64,970
Apr₹16,550₹4,943₹21,494₹5,48,420
May₹16,695₹4,799₹21,494₹5,31,725
Jun₹16,841₹4,653₹21,494₹5,14,883
Jul₹16,989₹4,505₹21,494₹4,97,895
Aug₹17,137₹4,357₹21,494₹4,80,757
Sep₹17,287₹4,207₹21,494₹4,63,470
Oct₹17,439₹4,055₹21,494₹4,46,031
Nov₹17,591₹3,903₹21,494₹4,28,440
Dec₹17,745₹3,749₹21,494₹4,10,695
2030₹2,25,449₹32,478₹2,57,927₹1,85,246
Jan₹17,900₹3,594₹21,494₹3,92,795
Feb₹18,057₹3,437₹21,494₹3,74,738
Mar₹18,215₹3,279₹21,494₹3,56,523
Apr₹18,374₹3,120₹21,494₹3,38,149
May₹18,535₹2,959₹21,494₹3,19,614
Jun₹18,697₹2,797₹21,494₹3,00,916
Jul₹18,861₹2,633₹21,494₹2,82,055
Aug₹19,026₹2,468₹21,494₹2,63,029
Sep₹19,192₹2,302₹21,494₹2,43,837
Oct₹19,360₹2,134₹21,494₹2,24,477
Nov₹19,530₹1,964₹21,494₹2,04,947
Dec₹19,701₹1,793₹21,494₹1,85,246
2031₹1,85,246₹8,199₹1,93,445₹0
Jan₹19,873₹1,621₹21,494₹1,65,373
Feb₹20,047₹1,447₹21,494₹1,45,327
Mar₹20,222₹1,272₹21,494₹1,25,104
Apr₹20,399₹1,095₹21,494₹1,04,705
May₹20,578₹916₹21,494₹84,127
Jun₹20,758₹736₹21,494₹63,370
Jul₹20,939₹554₹21,494₹42,430
Aug₹21,123₹371₹21,494₹21,307
Sep₹21,307₹186₹21,494₹0

How to Use the EMI Calculator?

Get your loan EMI and full repayment schedule in 4 simple steps.

1

Enter Your Loan Amount

Type your loan amount or drag the slider. The calculator supports amounts from ₹1 lakh to ₹5 crore. Your inputs are saved automatically, so you can come back anytime.

2

Set the Interest Rate & Tenure

Enter your annual interest rate and loan tenure. You can toggle between years and months. Use the sliders for a quick what-if analysis as you change the numbers.

3

Review Your Full Payment Table

A detailed table appears below the calculator showing every month of your loan, grouped by year. Click any year to see the monthly breakdown. You can also change the start date to match when your loan actually began.

4

Plan a Foreclosure (Optional)

Click the 'Foreclose' button on any month to simulate early loan closure. Enter the bank's foreclosure fee percentage and click Apply. A detailed Foreclosure Summary card appears below, showing your total payoff amount and how much interest you save.

Why Zubizi's EMI Calculator is Different

Most EMI calculators give you one number and stop there. This EMI calculator gives you a complete financial picture — home loan, car loan, personal loan, or business loan — built for Indian borrowers who want clarity before they commit.

Instant EMI Calculation for Any Loan

Get your monthly EMI the moment you type a number — no 'Calculate' button needed. The EMI calculator updates in real time as you adjust any input. Compare a 5-year vs 10-year home loan tenure, check how a 0.5% rate change affects your car loan, or model a personal loan EMI for a specific amount instantly.

See Your Full Repayment Breakdown

Every month of your loan is laid out in a clean table, grouped by year. Each year shows how much you paid toward the loan, how much went to interest, and what's still left to pay. Click any year to expand the months inside it — whether it's a short personal loan or a long home loan.

Early Loan Closure Planner

Thinking of paying off your loan before the tenure ends? Click 'Foreclose' on any month. Enter your bank's early closure fee. The EMI calculator instantly shows you how much is left to pay, the fee amount, your final payoff total, and how much money you save by closing early.

Plan Future & Past Loans Accurately

Already have a running loan? Set the start month to when your loan began and the EMI calculator shows the full payment history from day one. Planning a future loan? Set a future month and see the schedule before you even apply. Useful for home loans, car loans, and business loans alike.

Your Inputs Are Remembered

Comparing different loan options takes multiple sessions. Your loan amount, interest rate, and tenure are saved automatically in your browser. The next time you open the EMI calculator, everything is right where you left it — no re-entering numbers. Your data never leaves your device.

100% Free, No Signup, Fully Private

There are no ads inside the tool, no forms to fill, and no account to create. All calculations run entirely in your browser. Your loan details are never sent to any server. It works on mobile, tablet, and desktop without installing anything.

Managing a Business Loan? Zubizi Can Help.

Zubizi is built for Indian small businesses. Track expenses, manage inventory, generate GST invoices, and stay on top of your cash flow — all in one place.

Zubizi Software Interface
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Frequently Asked Questions

Common questions about our free EMI calculator.

What is an EMI calculator?

An EMI (Equated Monthly Instalment) calculator is a free online tool that calculates the fixed monthly amount you must pay to repay a loan over a set period. You enter the loan amount, annual interest rate, and tenure — and the calculator instantly shows your monthly EMI, total interest payable, and a full repayment schedule.

How is EMI calculated?

EMI is calculated using the formula: EMI = [P × R × (1+R)^N] / [(1+R)^N - 1], where P is the principal loan amount, R is the monthly interest rate (annual rate ÷ 12 ÷ 100), and N is the total number of monthly instalments. Our calculator applies this formula instantly as you type.

Is this EMI calculator free to use?

Yes, it is completely free. There is no subscription, no sign-up, and no hidden charge. You can use it as many times as you want for any loan type — home loan, car loan, personal loan, or business loan.

What is the foreclosure feature in this calculator?

The foreclosure planner lets you simulate paying off your loan early. Click 'Foreclose' on any month in the amortization schedule, enter your bank's foreclosure fee percentage, and click Apply. The tool shows you the exact remaining principal, the fee amount, your total payoff amount, and how much interest you save compared to completing the full tenure.

Which loans can I calculate EMI for?

You can use this EMI calculator for any type of loan — home loan, car loan, personal loan, business loan, or education loan. The calculator supports amounts from ₹1 lakh to ₹5 crore and tenures up to 30 years. Just enter the loan amount, interest rate, and tenure — the EMI and full schedule are ready instantly.

Is my loan data private?

Yes, completely. All calculations happen inside your browser. No loan amount, interest rate, or personal detail is ever sent to our servers. Your inputs are saved in your browser's local storage only for your convenience.

Can I calculate EMI for a past loan?

Yes. Use the Start Date picker in the amortization schedule header to set any past month and year. The schedule will show the exact payment history from that date, which is useful for reviewing old loans or reconciling records.

What is an amortization schedule?

An amortization schedule is a month-by-month table that shows how each EMI is split between paying off the principal and paying interest. Early in the tenure, most of your EMI goes toward interest. As you pay down the loan, more goes toward principal. Our calculator groups this table by year for easier reading.