Calculate your monthly EMI, total interest, and full amortization schedule for any loan.
Last updated
Jul 2026
Reviewed by
EasyTechLabs Finance Team
Calculation method
Documented in “How this is calculated” below
Official sources
RBI, SBI / HDFC / ICICI loan documentation
Formula
EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1)
Calculation method
Monthly reducing-balance method. Each month, interest accrues on the outstanding balance and the EMI repays that interest plus a portion of the principal, so the interest share falls over time.
Assumptions
Limitations
Official sources & references