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Loan EMI Calculator — Monthly Installment for Home & Personal Loans

Calculate your Equated Monthly Installment (EMI), total interest paid, and preview the payoff timeline for loans.

Uses ISO 4217 currency codes. If you need another currency, tell me and I’ll add it.
PKR
%
This calculator estimates fixed monthly installments (EMI) assuming a constant interest rate.

Result

Monthly payment
PKR 25,447.90
Total interest
PKR 110,749.63
Total paid
PKR 610,749.63
Term
24 months
Total
610,750
Principal81.9%
Total Interest18.1%

Payment breakdown (first 12 months)

Month
Payment
Principal
Interest
Balance
1
PKR 25,447.90
PKR 17,114.57
PKR 8,333.33
PKR 482,885.43
2
PKR 25,447.90
PKR 17,399.81
PKR 8,048.09
PKR 465,485.62
3
PKR 25,447.90
PKR 17,689.81
PKR 7,758.09
PKR 447,795.81
4
PKR 25,447.90
PKR 17,984.64
PKR 7,463.26
PKR 429,811.18
5
PKR 25,447.90
PKR 18,284.38
PKR 7,163.52
PKR 411,526.79
6
PKR 25,447.90
PKR 18,589.12
PKR 6,858.78
PKR 392,937.67
7
PKR 25,447.90
PKR 18,898.94
PKR 6,548.96
PKR 374,038.73
8
PKR 25,447.90
PKR 19,213.92
PKR 6,233.98
PKR 354,824.81
9
PKR 25,447.90
PKR 19,534.15
PKR 5,913.75
PKR 335,290.66
10
PKR 25,447.90
PKR 19,859.72
PKR 5,588.18
PKR 315,430.93
11
PKR 25,447.90
PKR 20,190.72
PKR 5,257.18
PKR 295,240.21
12
PKR 25,447.90
PKR 20,527.23
PKR 4,920.67
PKR 274,712.98
Tip: If interest rate is 0%, monthly payment becomes \(loan amount / months\). For partial prepayments, we can add an advanced mode later.

Formula

EMI
\(EMI = P \cdot r \cdot (1+r)^n / ((1+r)^n - 1)\)
Where \(P\) = principal, \(r\) = monthly rate, \(n\) = number of months.
Values shown: monthly rate = 1.67%, months = 24.
Privacy note: All processing happens entirely in your browser. No data is sent to our servers.

About this tool

Home and personal loans are repaid through equal monthly installments spread over years. This calculator emphasizes amortization: see how each payment splits between principal and interest and how the balance declines month by month.

Built for borrowers comparing mortgage-style or personal loan offers who need payment totals plus a payoff timeline, not just a single EMI figure.

Common use cases

  • Reviewing home loan amortization before closing
  • Comparing personal loan tenures from banks
  • Understanding interest-heavy early years of a mortgage
  • Sharing payment breakdowns with a co-borrower

How to use

  1. Enter loan principal, annual interest rate, and term.
  2. Read monthly EMI and total interest over the life of the loan.
  3. Open the amortization schedule to inspect principal vs interest each month.
  4. Compare scenarios by changing rate or tenure.

This page is available at /tools/loan-emi-calculator/.

Understanding the result

  • Early rows show high interest and low principal; later rows reverse as balance shrinks.
  • Outstanding balance column should reach zero on the final payment in a standard loan.
  • Total interest is the sum of interest columns—often surprises borrowers on 20–30 year terms.
  • For generic EMI math on any loan type, the EMI Calculator page is the primary reference.

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EMI Calculator
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Read: How to Calculate EMI →

FAQ

How is this different from the EMI Calculator?

This page highlights home/personal loan context and amortization tables. Core EMI math is the same.

Does the schedule include taxes or insurance?

No. Escrow for property tax and home insurance is separate from P&I amortization.

Can I model floating interest rates?

This tool typically assumes fixed rate. Floating loans need rate change inputs per period.

Why is my lender EMI slightly different?

Rounding, fees, or different day-count methods can shift payment by a small amount.