Calculate Your EMI
Enter your loan amount, interest rate and tenure to get your monthly EMI, total interest, APR, and a full amortization schedule.
EMI Calculator
Enter your loan details below. Everything runs in your browser.
Total principal loan amount
Annual interest rate charged by the lender
Total repayment period, in months
One-time fee added to your total cost
What this tool calculates
Everything below is worked out from your loan details.
Monthly EMI
Your fixed monthly payment for the full tenure.
Interest, total & APR
Total interest payable, total cost, and an estimated APR.
Amortization schedule
A full yearly and monthly principal/interest breakdown.
Your EMI Result
Loan types, formula & use cases
How EMI is calculated, who typically checks it, and where it's used in practice.
Home Loan
Long tenure, larger amounts
User case
A first-time buyer checks whether a ₹40 lakh mortgage fits comfortably within their monthly budget before applying.
How it's calculated
₹40L at 8.5% for 20 yrs → ≈ ₹34,713/mo
Who uses it
- Home buyers comparing lenders
- Real estate agents
Applications
Mortgage affordability checks, comparing 15-year vs 30-year terms.
Car Loan
Shorter tenure, faster payoff
User case
A buyer compares dealer financing against a bank loan to see which gives a lower EMI on the same car price.
How it's calculated
₹10L at 9.5% for 3 yrs → ≈ ₹32,033/mo
Who uses it
- New and used car buyers
- Dealership finance desks
Applications
Comparing financing offers, sizing a down payment.
Personal Loan
Unsecured, higher rates
User case
Someone facing a medical or family expense checks what a 5-year personal loan would cost per month before applying.
How it's calculated
₹5L at 12% for 5 yrs → ≈ ₹11,122/mo
Who uses it
- Anyone covering an urgent or one-off expense
- Those consolidating high-interest debt
Applications
Medical expenses, debt consolidation, travel or renovation costs.
Business Loan
Working capital & equipment
User case
A small business owner checks the monthly repayment on equipment financing before committing to the purchase.
How it's calculated
Who uses it
- Small business owners
- Startups financing equipment
Applications
Working capital planning, equipment and machinery financing.
EMI Formula
The math behind every result
User case
A student or analyst wants to understand exactly how the monthly payment figure on a loan offer was derived.
How it's calculated
P = principal, r = monthly rate, n = number of months
Who uses it
- Finance students
- Anyone verifying a lender's figures
Applications
Verifying quoted EMIs, understanding loan cost structure.
Amortization Schedule
Principal vs interest, over time
User case
A borrower wants to see how much of each payment goes toward interest early on, versus later in the loan term.
How it's calculated
Principal = EMI − Interest, then Balance −= Principal
Who uses it
- Borrowers planning prepayments
- Accountants tracking loan balances
Applications
Prepayment planning, year-end interest reporting, loan audits.
Clear, simple, transparent
What this EMI calculator does, and what it doesn't — no fine print.
What this calculator does
- Calculates monthly EMI from loan amount, rate and tenure
- Shows total interest, total payment and an estimated APR
- Generates a full yearly and monthly amortization schedule
- Calculates the result in the browser
What this calculator does not do
- Does not constitute financial or lending advice
- Does not account for a lender's specific fees, insurance, or GST
- Does not guarantee loan approval or the rate you'll be offered
- Does not replace a formal loan quote from your bank or lender
Understanding your EMI
What your result means, and the context worth keeping in mind when you read it.
An EMI result can help you
- See your likely monthly outflow before you apply
- Compare how tenure and rate trade off against each other
- Understand how much of your payment is interest vs principal
- Have a concrete number to check affordability against your income
An EMI result should be interpreted with context
- The rate you're actually offered depends on your credit profile
- Lenders may add fees this estimate doesn't include
- APR shown here is approximate, not a regulated disclosure
- Only a formal loan offer reflects your true final terms
Helpful resources
A longer read, and related tools worth bookmarking.
EMI Guide
Free loan planning & EMI calculation guide
How loan amount, interest rate and tenure affect your monthly payment, total interest, and overall repayment cost.
Frequently asked questions
Quick answers about EMI and using the calculator.
Understanding EMI
How is EMI calculated?
What does APR mean here?
Why might my actual EMI differ from this result?
Which loan types does this work for?
Using & Troubleshooting
What can I calculate with this tool?
Can I choose when my EMI starts?
Is my data stored?
Why isn't my result showing?
Ready to check your EMI?
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