EMI Calculator

Calculate your monthly loan EMI, total interest and total payable amount in seconds — with an easy-to-read summary card.

Loan Details

Enter your loan to calculate the monthly EMI and total cost.

How to Use the EMI Calculator

  1. Enter the loan amount in rupees.
  2. Enter the annual interest rate offered by your bank.
  3. Enter the tenure and choose years or months.
  4. Click Calculate EMI.
  5. Review your monthly EMI, interest and total payable amount.

Frequently Asked Questions

EMI uses the formula P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments.
No. This gives the pure loan EMI based on principal, rate and tenure. Banks may add processing fees or insurance separately.
Yes. The calculator works for any reducing-balance loan — home, car, personal, education or business loans.
Lowering your tenure raises the EMI but reduces the total interest you pay overall.