About This Tool
This tool calculates a loan's monthly EMI payment, total interest, and total cost from the loan amount, interest rate, and term, and can show a full month-by-month amortization schedule.
How to Use
- Enter the loan amount, annual interest rate, and loan term in years.
- Read the monthly EMI, total interest, and total payment.
- Click "Show Amortization Schedule" to see a full month-by-month breakdown.