Tools for everyday decisionsEMI Calculator
Calculate your home, car or personal loan EMI. Compare repayment periods and see how much interest you could pay.
Your loan details
Presets are examples. Enter your lender’s actual rate.
Assumes a fixed annual rate, monthly reducing balance and payments at each month’s end. Fees, insurance, taxes, prepayments and rate changes are excluded. Actual lender schedules may differ.
Monthly repayment schedule
| Month | Payment | Principal | Interest | Balance |
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Compare repayment periods
Compare shorter and longer tenures using the same loan amount and interest rate.
| Tenure | Monthly EMI | Total interest |
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How does an EMI work?
An equated monthly installment includes principal and interest. With a fixed rate, your EMI stays the same while the interest portion generally decreases as the outstanding balance falls.
EMI = P × r ÷ [1 − (1 + r)−n]
P is the loan amount, r is the monthly interest rate (annual percentage ÷ 1,200), and n is the number of monthly payments. At 0% interest, EMI = P ÷ n.
For example, ₹25 lakh at 8.5% annually for 20 years gives an estimated monthly EMI of ₹21,696, excluding fees. Displayed amounts are rounded; calculations retain precision.
Frequently asked questions
Can I calculate home, car and personal loan EMIs?
Yes, for loans with equal monthly repayments using a monthly reducing balance. Enter your actual loan terms.
Does a longer tenure reduce the EMI?
At the same positive fixed interest rate and principal, a longer tenure reduces the EMI but increases total interest.
Does this include processing fees or prepayments?
No. Fees, insurance, taxes and extra repayments are excluded. Ask your lender for its complete repayment schedule.
What happens if my interest rate changes?
Your EMI, remaining tenure, or both may change depending on your lender’s terms. This calculator assumes a constant rate.
Calculation transparency
This is a planning tool, not a loan offer, eligibility check or lender recommendation. Confirm costs and terms with your lender.
This calculator processes loan inputs in your browser without sending them to a server. Other website services, including ads and analytics, may have separate data practices.