EMI 計算機

EMI stands for Equated Monthly Installment. It is the fixed amount you pay every month to repay your loan. The formula is EMI = P x r x (1+r)^n / [(1+r)^n - 1], where P is the principal loan amount, r is the monthly interest rate (annual rate divided by 12), and n is the total number of monthly installments. This calculator computes EMI instantly for any loan amount, interest rate, and tenure.

Prepayment — whether as extra monthly payments or a one-time lump sum — goes directly toward reducing your outstanding principal. This lowers the interest charged in subsequent months, which can significantly reduce total interest paid and shorten your loan tenure. Even small additional monthly payments can save thousands over the life of a loan.

An amortization schedule is a table showing every payment over the life of a loan, broken down into principal and interest components. Early payments are mostly interest, while later payments are mostly principal. This calculator provides both a month-by-month and year-by-year amortization schedule so you can see exactly how your loan balance decreases over time.

Yes. The Loan Comparison tab lets you enter up to three different loan offers with varying amounts, interest rates, and tenures. The calculator shows EMI, total interest, and total payment for each offer side by side, making it easy to pick the most cost-effective option.

Yes. A longer loan tenure lowers your monthly EMI, making it more affordable month-to-month, but you pay significantly more in total interest. For example, a $500,000 loan at 8.5% costs about $230,000 in interest over 15 years but over $420,000 over 30 years. Always weigh monthly affordability against total cost when choosing a tenure.

This calculator is accurate for any fixed-rate loan with equal monthly installments, including home loans, car loans, personal loans, and education loans. It does not account for variable interest rates, processing fees, or insurance premiums, which may affect your actual repayment amount.