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Calculate loan payments, EMI, and full amortization schedule
The Loan and EMI Calculator computes monthly payments, total interest, and repayment schedules for any loan. Understand the real cost of borrowing before you sign anything.
Enter the principal amount, interest rate, and loan tenure. The tool calculates your Equated Monthly Installment, breaks down how much goes toward interest versus principal, and shows the total amount you will pay over the life of the loan.
Lenders often present only the monthly payment figure. This calculator reveals the full picture including total interest paid, helping you compare loan offers, plan your budget, and decide whether refinancing makes sense.
Compare mortgage options and understand the long-term cost of different rates and tenures.
Evaluate auto loan offers and see how a down payment affects monthly obligations.
Model student loans, personal loans, or debt consolidation scenarios.
Assess equipment financing or working capital loans before committing.
A couple is choosing between two banks. Bank A offers 8.5 percent for 20 years and Bank B offers 8.25 percent for 25 years. The calculator shows Bank B has a lower EMI but costs significantly more in total interest.
A graduate owes $30,000 at 6 percent for 10 years. The calculator reveals that increasing the monthly payment by $100 saves over $2,000 in interest and shortens the loan by 14 months.
The Zilita Team builds privacy-first browser tools that help teachers, students, developers, businesses, and creators work more efficiently without sacrificing data privacy.
Calculate loan payments and full amortization summary