Calculate loan EMI, car payments with down payment and trade-in, and flat simple interest. See monthly payment, total interest and an amortization schedule offline.
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Quick answer: Loan & EMI Calculator — EMI, auto loan & simple interest Free, no signup, runs in your browser. See below for the interactive tool, 4-step guide and FAQs.
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EMI = P×r×(1+r)^n ÷ ((1+r)^n−1), where P is principal, r is the monthly rate (annual ÷ 12 ÷ 100) and n is the number of months. For example, Rs 10,00,000 at 9% for 20 years gives r=0.0075, n=240 and an EMI near Rs 8,997 with interest near Rs 11.59 lakh. A zero rate falls back to principal ÷ months.
The auto view builds the financed amount from a vehicle price minus your down payment and trade-in value, then amortizes the remainder. On a $25,000 car with $5,000 down and a $2,000 trade-in, $18,000 is financed, costing about $348 monthly at 6% over 60 months with $2,880 interest. Stretch to 84 months and the payment drops to $262 while interest rises to about $4,008.
Simple (flat) interest charges P×R×T÷100 on the original principal only, so $10,000 at 5% for three years costs $1,500 and totals $11,500. Reducing-balance EMI charges interest on the shrinking balance instead, so the same headline rate usually costs far less overall. Vehicle dealers often quote flat rates because the monthly looks smaller; compare both views before signing.
Everything runs in your browser, so principals, rates and schedules never leave the device, and closing the tab clears the inputs. The results are informational planning estimates only, not financial advice. Processing fees, taxes, insurance, floating resets and prepayment penalties are excluded, so confirm final figures with your lender and see /terms.
Early lump sums attack principal while the interest portion of each installment is still largest. On Rs 10 lakh at 9% over 20 years, prepaying Rs 5 lakh after 36 installments cuts the balance from about Rs 9.35 lakh to Rs 4.35 lakh, shortening the tenure by roughly 11 years and saving near Rs 9.1 lakh interest. The same prepayment late in the term saves far less.
Yes. The loan/EMI view lists the first twelve months by default and exports the full month-by-month schedule as a CSV of month, EMI, principal, interest and balance. Open it in a spreadsheet to chart how the split shifts from interest-heavy to principal-heavy, or to reconcile against your lender statement.
Three linked views handle the common borrowing questions. Loan / EMI amortizes a principal at a monthly rate into equal installments with a twelve-month schedule and CSV export; Auto loan turns a vehicle price into a financed amount after down payment and trade-in; Simple interest computes flat (non-reducing) interest with a monthly split. Every view supports a currency selector, keeps inputs on the device and recomputes live as you type. Example: enter Rs 10,00,000 at 9% for 20 years to read EMI near Rs 8,997, total payable near Rs 21.59 lakh and interest near Rs 11.59 lakh on the loan view, then switch to the auto view to see how a down payment shrinks the financed balance.
The amortizing formula is EMI = P×r×(1+r)^n ÷ ((1+r)^n−1), where r is the monthly rate and n the months; a zero rate divides the principal evenly. Each installment splits into interest on the remaining balance and principal reduction, so early payments are interest-heavy and later ones principal-heavy. Flat interest instead charges P×R×T÷100 on the original principal only. Reference table: reducing $18k/5yr at 7% costs about $3,380 interest | flat $18k/5yr at 7% costs $6,300 interest | zero rate divides principal by months | an 84-month term lowers the payment but raises total interest | down payment and trade-in reduce the financed principal | monthly rate equals annual ÷ 12 ÷ 100. Edge case: prepayments during a lock-in period can attract foreclosure fees, and floating rates reset the payment outside this fixed-rate math.
Loan view: Rs 10,00,000 at 9% over 20 years yields EMI near Rs 8,997, total near Rs 21.59 lakh and interest near Rs 11.59 lakh; export the schedule to confirm the split. Auto view: a $25,000 car with $5,000 down and a $2,000 trade-in finances $18,000, paying about $348 monthly at 6% for 60 months versus $262 over 84 months. Simple interest view: $10,000 at 5% for three years charges $1,500 flat and totals $11,500. Limitation: these are fixed-rate models, so they ignore fees, insurance, taxes and variable resets, and are informational only, not financial advice. For mortgage terms, escrow and PMI, use the mortgage calculator instead.