Tell us about your loan

Three short steps. Nothing here is sent anywhere.

1

The money

What you borrowed, and on what terms

Anything unusual about the interest?

2

The timing

When it started and when you pay

3

Big one-time payments

Skip this if there are none

Anyone who opens this sees the same plan. Nothing is uploaded — the details travel inside the link.

Here is your plan

What you owe, month by month

It climbs while no EMI is paid, then falls once EMIs start.

Where your total money goes

Borrowed amount versus interest paid.

Inside each EMI

The part that clears interest versus the part that reduces the loan.

Loan growing (no EMI yet) EMI months (loan shrinking)
MonthOpening dueInterest addedYou payBalance left

Scroll the table sideways on a small screen.

Lender only told you a total? Find the rate

If the lender quoted a total for a certain date, this finds the rate behind it.

My loans

Add as many as you need. Everything stays on this phone or computer.

What you owe every month, all loans together

Each colour is one loan. The tallest bar is your heaviest month.

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Quick answers

What is an EMI?

An EMI, or equated monthly instalment, is the fixed amount you pay every month until a loan is fully cleared. Each instalment covers the interest charged that month first, and whatever is left reduces the amount you still owe.

How is monthly interest calculated on a private loan?

Private lenders usually quote a rate per month rather than per year. At 3% a month on ₹80,000, the interest for one month is ₹2,400. If the interest is simple, that same ₹2,400 is charged every month. If unpaid interest is added to the balance, the next month is charged on ₹82,400 instead, and the amount owed grows faster each month.

What happens if EMIs start months after the loan?

Interest keeps accumulating during the gap, so the amount your EMI is calculated on is larger than the sum you borrowed. This calculator shows those months separately, so you can see exactly how much was added before repayment began.

Does paying a lump sum reduce the EMI?

Yes. A part payment reduces the outstanding balance, so the monthly amount needed to clear the loan in the same number of months falls. Enter the lump sum and its month, and the revised EMI appears immediately.

Is my data safe?

Every loan you enter stays in your own browser on your own device. Nothing is uploaded, there is no account, and there is no tracking. A share link carries the figures inside the link itself.

About this EMI calculator

This calculator works out the monthly EMI for any loan — a bank personal loan, a gold loan, or money borrowed from a friend or private lender at a monthly rate. Unlike a standard EMI calculator, it handles the things informal loans actually involve: interest quoted per month rather than per year, a month or two waived by the lender, EMIs that begin long after the money was taken, and lump sum part payments made whenever cash is available.

It answers the questions people are usually stuck on. How much of what I owe is interest? What will the amount be by the time I start paying? If I pay a large sum now, how much lower does my monthly payment become? If the lender only tells me a total, what rate is he actually charging?

Everything runs inside your browser. There is no account, no upload and no tracking, and the page keeps working with the internet switched off.