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Loan / EMI Calculator

Estimate fixed-rate loan payments with a standard amortization formula. Enter amount, annual rate, and term to see monthly payment, total interest, and a month-by-month schedule. Variable rates (e.g. Euribor) are not modeled here—use a fixed effective rate for an estimate.

Loan / EMI Calculator

Fixed-rate loan with monthly payments and full amortization schedule

Loan amount

$

Annual interest rate

%

Term (years)

Result

$489.15/mo

Total paid $29,349.22 · Interest $4,349.22

M = P × r(1+r)^n ÷ ((1+r)^n − 1) · r = annual/12 · n = years×12

Monthly payment

$489.15

Total interest

$4,349.22

Total of payments

$29,349.22

60 monthly payments · fixed rate (not Euribor / variable)

Amortization schedule

#	Payment	Principal	Interest	Balance
1	$489.15	$353.74	$135.42	$24,646.26
2	$489.15	$355.65	$133.50	$24,290.61
3	$489.15	$357.58	$131.57	$23,933.03
4	$489.15	$359.52	$129.64	$23,573.51
5	$489.15	$361.46	$127.69	$23,212.05
6	$489.15	$363.42	$125.73	$22,848.63

About this loan / emi

Estimate fixed-rate loan payments with a standard amortization formula. Enter amount, annual rate, and term to see monthly payment, total interest, and a month-by-month schedule. Variable rates (e.g. Euribor) are not modeled here—use a fixed effective rate for an estimate.

Worked examples

Example calculations for Loan / EMI
Question	Answer
$25,000 at 6.5% for 5 years	About $489/mo
$10,000 at 8% for 3 years	About $313/mo
$200,000 at 4% for 30 years	About $955/mo (illustrative)

Formula

Goal	Formula
Monthly payment	M = P × r(1+r)^n ÷ ((1+r)^n − 1), r = annual/12

FAQ

What is EMI?: Equated Monthly Installment—the fixed monthly payment that covers interest and principal over the loan term.
Does this support Euribor or variable rates?: This calculator uses a fixed annual rate. For floating rates, enter an assumed average or current all-in rate (index + spread) as an approximation.

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