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Loan & EMI calculator

See a fixed-rate loan's monthly payment, total interest and repayment schedule.

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Your inputs

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monthly payment / EMI

$386.66

Loan amount
$20,000.00
Total interest
$3,199.36
Upfront fee
$0.00
Total paid including fee
$23,199.36

Fixed rate, monthly payments at period end. The fee is paid upfront and is not added to the financed balance.

Calculations happen in your browser. Saving is optional.

Calculation breakdown

60 monthly payments · View table
Loan & EMI calculator — calculated breakdown
MonthPaymentPrincipalInterestBalance
1$386.66$286.66$100.00$19,713.34
2$386.66$288.09$98.57$19,425.25
3$386.66$289.53$97.13$19,135.72
4$386.66$290.98$95.68$18,844.75
5$386.66$292.43$94.22$18,552.32
6$386.66$293.89$92.76$18,258.42
7$386.66$295.36$91.29$17,963.06
8$386.66$296.84$89.82$17,666.22
9$386.66$298.32$88.33$17,367.89
10$386.66$299.82$86.84$17,068.07
11$386.66$301.32$85.34$16,766.76
12$386.66$302.82$83.83$16,463.94
13$386.66$304.34$82.32$16,159.60
14$386.66$305.86$80.80$15,853.74
15$386.66$307.39$79.27$15,546.35
16$386.66$308.92$77.73$15,237.43
17$386.66$310.47$76.19$14,926.96
18$386.66$312.02$74.63$14,614.94
19$386.66$313.58$73.07$14,301.36
20$386.66$315.15$71.51$13,986.21
21$386.66$316.72$69.93$13,669.49
22$386.66$318.31$68.35$13,351.18
23$386.66$319.90$66.76$13,031.28
24$386.66$321.50$65.16$12,709.78
25$386.66$323.11$63.55$12,386.67
26$386.66$324.72$61.93$12,061.95
27$386.66$326.35$60.31$11,735.60
28$386.66$327.98$58.68$11,407.62
29$386.66$329.62$57.04$11,078.00
30$386.66$331.27$55.39$10,746.74
31$386.66$332.92$53.73$10,413.82
32$386.66$334.59$52.07$10,079.23
33$386.66$336.26$50.40$9,742.97
34$386.66$337.94$48.71$9,405.03
35$386.66$339.63$47.03$9,065.40
36$386.66$341.33$45.33$8,724.07
37$386.66$343.04$43.62$8,381.03
38$386.66$344.75$41.91$8,036.28
39$386.66$346.47$40.18$7,689.81
40$386.66$348.21$38.45$7,341.60
41$386.66$349.95$36.71$6,991.65
42$386.66$351.70$34.96$6,639.95
43$386.66$353.46$33.20$6,286.50
44$386.66$355.22$31.43$5,931.27
45$386.66$357.00$29.66$5,574.27
46$386.66$358.78$27.87$5,215.49
47$386.66$360.58$26.08$4,854.91
48$386.66$362.38$24.27$4,492.53
49$386.66$364.19$22.46$4,128.34
50$386.66$366.01$20.64$3,762.32
51$386.66$367.84$18.81$3,394.48
52$386.66$369.68$16.97$3,024.79
53$386.66$371.53$15.12$2,653.26
54$386.66$373.39$13.27$2,279.87
55$386.66$375.26$11.40$1,904.62
56$386.66$377.13$9.52$1,527.48
57$386.66$379.02$7.64$1,148.46
58$386.66$380.91$5.74$767.55
59$386.66$382.82$3.84$384.73
60$386.66$384.73$1.92$0.00

How to use this tool

Enter the amount you will borrow, the annual interest rate and the number of monthly payments.

Enter any fee paid upfront separately. Compare total paid as well as the monthly payment; the fee is not financed.

Payment = P × r / (1 − (1 + r)^−n), where r = annual interest rate (%) ÷ 100 ÷ 12 and n = monthly payments. At 0%, payment = P ÷ n.

Worked example

$386.66 · monthly payment / EMI

Fixed example using the settings below. Monetary examples use USD; dates and times use their stated reference values. This example stays unchanged when you edit your calculation.

Example inputs
  • Loan amount: 20000
  • Annual interest rate (%): 6
  • Term (months): 60
  • Upfront fee (not financed): 0

Method illustration: A 20,000 loan at 6% over 60 months has a monthly principal-and-interest payment of about 386.66, before fees.

Assumptions and limits

  • Assumes a fixed nominal annual rate and monthly payments at the end of each period. EMI means equated monthly installment.
  • The upfront fee is paid separately. It is included in total cost but is not financed. Rate is not a fee-inclusive APR.
  • Balances use unrounded calculations; displayed cents may differ from a lender's schedule. Taxes, insurance and late fees are excluded.

Method reference: Fixed-rate payment method and rate conventions

Check or report a result

Check the units, selected calculation and assumptions first. Compare the fixed example above with your inputs to identify what changed.

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