Results
Monthly EMI
0
Total Interest
0
Total Payment
0
| # | Month | Principal | Interest | Balance |
|---|---|---|---|---|
| Calculate EMI to see amortization schedule. | ||||
About the Toolzify Loan EMI Calculator
Toolzify's EMI calculator helps you understand what a personal, car, or home loan will really cost each month. By showing the monthly installment, total interest, and an amortization schedule, it makes repayment planning transparent before you sign an agreement.
Why it matters
Loan brochures often emphasize headline rates, but the true cost depends on tenure, processing fees, and how interest accrues. A clear EMI breakdown lets you compare offers, adjust tenure, and set realistic budgets. Toolzify keeps the experience ad-light and fast so you can tweak numbers freely.
How it works
Enter loan amount, annual interest rate, and tenure. For home loans, you can also include processing fees. The calculator uses the standard reducing balance method to compute EMIs, then builds a month-by-month schedule that separates principal and interest. Everything runs client-side; your numbers are not saved or transmitted.
Step-by-step guide
- Select the loan type tab (Personal, Car, or Home).
- Enter principal, interest rate, tenure, and optional fees.
- Click Calculate to see EMI, total interest, and total payment.
- Scroll the amortization table to view principal vs interest for each month.
- Download the schedule as CSV to share with lenders or store in your budget sheet.
Use cases
- Comparing offers from multiple banks by adjusting rate and tenure quickly.
- Planning prepayments by studying how early installments are interest-heavy.
- Creating a family budget that accounts for home, car, or education loan EMIs.
- Explaining loan math to clients or students using a live, interactive schedule.
Benefits and limits
The calculator is free and runs locally, so sensitive financial inputs stay private. Results use a standard amortization formula; actual bank calculations may vary slightly due to daily interest methods or changing rates. Always confirm with your lender before committing, and remember that fees, insurance, and penalties can affect the total cost.
FAQs
Do you store my loan data? No. Inputs are processed in your browser and cleared when you leave.
Can I model prepayments? Export the CSV and apply extra principal payments in your spreadsheet to see the impact.
Why does the EMI stay constant? Standard EMIs keep a fixed installment while the principal/interest split changes over time.
Are fees included? Enter processing fees in the home loan tab; for other fees, add them manually to your budget.
Will results match my bank? This uses common formulas. Confirm with your lender for exact figures and any changing rates.