EMI Calculator
Adjust the loan amount, rate, and tenure to see your monthly EMI update instantly.
Loan details
Use the sliders for fast adjustments or type exact values.
Principal amount borrowed
Annual interest rate on the loan
Switching to months keeps the same total tenure.
Repayment summary
Updated instantly as you move the controls.
Monthly EMI
Your monthly repayment amount
Total Interest
₹12,38,519.78
Total Payment
₹27,38,519.78
Payment breakdown
Principal and interest as a share of your total repayment.
₹15,00,000.00
54.8% of repayment
₹12,38,519.78
45.2% of repayment
This breakdown estimates a standard fixed-rate EMI schedule and does not include fees or prepayment charges.
What is an EMI Calculator?
An EMI calculator is a financial tool that calculates your Equated Monthly Installment for a loan. By entering principal amount, annual interest rate, and loan tenure, you get an instant estimate of monthly EMI, total interest payable, and total repayment amount.
Why Use Our EMI Calculator?
- ✓Instantly estimate monthly EMI before applying for a loan
- ✓Plan repayments with better budget visibility
- ✓Compare different interest rates and tenures quickly
- ✓Avoid manual formula errors and save time
- ✓Useful for home, car, personal, and education loans
- ✓Free and available anytime on desktop or mobile
Features
How to Use the EMI Calculator
- 1Enter the total loan amount you want to borrow
- 2Set the annual interest rate offered by your lender
- 3Choose the loan tenure in months or years
- 4View monthly EMI, total interest, and total repayment instantly
- 5Adjust values to compare scenarios and pick a manageable EMI
Frequently Asked Questions
What does EMI include?
EMI includes both principal repayment and interest. At the beginning of the tenure, the interest component is usually higher than the principal component.
How does tenure affect EMI?
A longer tenure generally lowers monthly EMI but increases total interest paid. A shorter tenure increases EMI but reduces total interest over time.
Can I use this EMI calculator for different loan types?
Yes. You can use it for home loans, car loans, personal loans, education loans, and other standard reducing-balance loans.
Is the EMI result accurate?
Yes, it uses the standard EMI formula and provides reliable estimates. Final repayment values may vary slightly based on lender-specific charges and rounding.