Loan Amortization Calculator

EMI, full payment schedule, extra payments, APR/APY & dual currency

Loan Amount (USD)

Interest Rate (%)

Rate Type

APR is the nominal annual rate (monthly compounding). APY is the effective annual yield converted to an equivalent monthly rate.

Term

Term Unit

Start Date

Monthly Extra Payment (USD)

One-time Extra (USD)

Apply one-time extra in payment #

Payment 1 is the first installment. Leave extras at 0 to hide savings.

Exchange Rate (1 USD = ? secondary)

Leave blank or 0 to hide secondary currency. Dual-currency totals use this FX rate.

How this amortization calculator works

Enter the loan amount, interest rate, and term to get your fixed monthly EMI, total interest, and a month-by-month schedule showing how each payment splits between principal and interest. Add extra payments to see interest saved and an earlier payoff date.