Loan
EMI Calculator
Calculate monthly EMI for any loan instantly
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Monthly EMI—
Total Interest—
Total Payment—
Principal
Interest
Example Calculations
Quick reference scenarios to validate your planning
| Scenario | Result |
|---|---|
| Home loan ₹50L at 8.5% for 20 years | EMI: ₹43,391, Total Interest: ₹54.1L |
| Car loan ₹8L at 9% for 5 years | EMI: ₹16,607, Total Interest: ₹1.96L |
| Personal loan ₹3L at 14% for 3 years | EMI: ₹10,252, Total Interest: ₹69,087 |
How It Works
Formula, methodology and key concepts explained
EMI (Equated Monthly Instalment) is the fixed amount you pay every month to repay a loan. It covers both principal repayment and interest. Early in the loan, most of the EMI goes towards interest; towards the end, most goes towards principal — this is called amortization.
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Frequently Asked Questions
Common questions about EMI Calculator
- EMI = P × r × (1+r)^n / [(1+r)^n – 1], where P = loan principal, r = monthly interest rate (annual rate/12/100), n = number of months.
- Prepayments reduce your outstanding principal, which reduces total interest paid. Even one extra EMI per year can reduce a 20-year loan tenure by 2–3 years.
- Fixed rate gives certainty — your EMI never changes. Floating rate (linked to repo rate) can go up or down. In a falling interest rate environment, floating is better. Most home loans default to floating.
Key Numbers to Know
Benchmark figures for Loan planning in India
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Disclaimer: All calculations are estimates for planning purposes only. Results are based on the inputs you provide and assume constant rates. Actual returns may vary due to market conditions, inflation, tax law changes, and other factors. This is not financial advice. Consult a SEBI-registered investment advisor for personalised guidance. GST rates and income tax slabs are as per latest available information (FY 2025-26) and may change.
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