Loan & EMI Calculator

Calculate your monthly installment (EMI), total interest, and view the complete amortization schedule for your loan.

Loan Amount (PKR)

Rs.

Annual Interest Rate (%)

Loan Tenure

Monthly EMI

Rs.23,790

Total Principal

1,000,000

Total Interest

427,396

Total Payment (P + I)

1,427,396

Principal (70.1%)Interest (29.9%)

Amortization Schedule

Month	Principal	Interest	Balance
1	11,290	12,500	988,710
2	11,431	12,359	977,279
3	11,574	12,216	965,705
4	11,719	12,071	953,986
5	11,865	11,925	942,121
6	12,013	11,777	930,108
7	12,164	11,626	917,944
8	12,316	11,474	905,629
9	12,470	11,320	893,159
10	12,625	11,164	880,534
11	12,783	11,007	867,750
12	12,943	10,847	854,807

How EMI is Calculated

Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are applied to both interest and principal each month so that over a specified number of years, the loan is paid off in full.

The standard mathematical formula used to calculate EMI is:
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]

P = Principal loan amount
R = Monthly interest rate (Annual Rate / 12 / 100)
N = Loan duration in months

In the initial years of your loan, a larger portion of your EMI goes toward paying the interest. As you continue making payments, the interest component decreases and the principal component increases. This process is fully detailed in the Amortization Schedule table above.