Loan & EMI Calculator

Your monthly payment (EMI) is calculated using the standard amortization formula: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1), where P is the principal loan amount, r is the monthly interest rate (annual rate divided by 12), and n is the total number of monthly payments. This ensures equal payments throughout the loan term while the proportion of principal vs. interest changes over time.

An amortization schedule shows the breakdown of each payment over the life of your loan, showing how much goes toward principal and how much toward interest. Early in the loan, most of your payment covers interest. Over time, more goes toward principal. Understanding this helps you see the true cost of your loan and plan for early payoff strategies.

Yes. This loan calculator works for any type of installment loan including mortgages, auto loans, personal loans, student loans, and business financing. Simply enter your loan amount, interest rate, and term to get accurate monthly payment and amortization details.

You can reduce total interest by: (1) making extra principal payments when possible, (2) choosing a shorter loan term (higher monthly payment but less total interest), (3) refinancing to a lower interest rate, or (4) making bi-weekly payments instead of monthly. Even small additional principal payments early in the loan can save thousands in interest.

Dewx includes financial tools in the OPS Hub for tracking loans, payments, and cash flow. You can set up automated payment reminders, forecast cash needs, and integrate with accounting systems, all in one platform. Join the beta to see how Dewx simplifies business finance management.