EMI Calculator
Calculate EMI for any loan with amortization schedule.
Before taking a loan, you should know exactly what it will cost. This free EMI Calculator works out your equated monthly instalment from the loan amount, interest rate and term, and shows how much goes to principal versus interest over time — so you can compare loans and budget with full clarity.
How to use it: enter the loan amount, annual interest rate and tenure, and the calculator shows your monthly EMI and a breakdown of interest and principal. Change the inputs to compare different loan options and see the total cost of each.
Key features
- Calculate loan EMI instantly
- Principal vs interest breakdown
- Compare loan options
- See total interest cost
- Works in Excel and Google Sheets
This template is designed for individuals managing loans, credit cards or repayment plans who want a clear view of their debt situation — without the need for expensive specialist software.
The EMI Calculator is part of our Personal Finance & Budgeting collection — downloaded 10 times and counting. Built from real-world experience by the ExcelGurukul team and tested across multiple industries and roles.
Frequently asked questions
Is the EMI calculator free?
Yes, free download, no sign-up.
What is an EMI?
Equated Monthly Instalment — the fixed monthly loan repayment.
What do I need to enter?
Loan amount, interest rate and tenure.
Is it editable?
Fully editable in Excel or Google Sheets.