Loan and EMI calculator

Work out the monthly payment on a loan, the total interest you will pay, and how each payment splits between principal and interest.

Loan amount

Currency

Interest rate (% a year)

Loan termUnit

Repayment schedule

Month	Payment	Principal	Interest	Balance
1	$525.05	$327.13	$197.92	$24,672.87
2	$525.05	$329.72	$195.33	$24,343.15
3	$525.05	$332.33	$192.72	$24,010.82
4	$525.05	$334.96	$190.09	$23,675.86
5	$525.05	$337.62	$187.43	$23,338.24
6	$525.05	$340.29	$184.76	$22,997.95
7	$525.05	$342.98	$182.07	$22,654.97
8	$525.05	$345.70	$179.35	$22,309.27
9	$525.05	$348.43	$176.62	$21,960.84
10	$525.05	$351.19	$173.86	$21,609.65
11	$525.05	$353.97	$171.08	$21,255.68
12	$525.05	$356.78	$168.27	$20,898.90

The margin calculator finds the price you need for a target margin.

How is the EMI calculated?

EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r the monthly rate (annual rate ÷ 12 ÷ 100) and n the number of months.

Why is most of the early payment interest?

Interest is charged on the balance still owed, which is highest at the start. As the balance falls, more of each payment repays the principal.

Does it include fees or insurance?

No. It shows the payment for the amount, rate and term you enter. Lenders may add processing fees or insurance on top.