EMI Calculator
Estimate your monthly loan payment.
Runs entirely in your browser — nothing you enter is uploaded or sent to a server.
This is a reducing-balance estimate — your actual EMI can shift once the lender adds processing fees, insurance and GST, and a floating rate will reset over the loan. It's a planning figure, not a loan offer or financial advice, so confirm the final number at real order or loan sanction time. Read our full disclaimer.
About this tool
An EMI (Equated Monthly Instalment) is the fixed amount you pay a lender each month until a loan is repaid. Each instalment covers part interest and part principal. This calculator tells you that monthly figure before you commit, so you can compare loans and check a payment fits your budget.
Example
A ₹10,00,000 loan at 9% for 5 years works out to about ₹20,758/month, with ₹2,45,501 total interest over the life of the loan.
How to use
- 1Enter the loan amount you plan to borrow.
- 2Set the annual interest rate offered by the lender.
- 3Set the tenure (how many years you'll repay over).
- 4Read your monthly EMI, total interest, and total payable instantly.
Features
- EMI, total interest, and total payable update the instant you change a figure.
- Set each input with a slider or by typing the exact amount.
- See how much of every payment goes to principal versus interest.
Frequently asked questions
How is the EMI calculated?
It uses the standard EMI formula: P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of months.
Will my actual EMI match this exactly?
It's a close estimate. A lender's figure can differ slightly due to processing fees, insurance, rounding, or a different compounding method. Always confirm with the lender.
How can I reduce my EMI?
Three levers: borrow less, get a lower interest rate, or choose a longer tenure. A longer tenure lowers the monthly EMI but increases the total interest you pay over the loan, so there's a trade-off — try a few tenures here to see it.
What happens if I make a part-prepayment?
Paying a lump sum toward the principal cuts the outstanding balance, so either your EMI drops or (more commonly) your tenure shortens while the EMI stays the same. This shows one fixed schedule — re-run it with the reduced balance to estimate the effect.
Is this financial advice?
No — it's a planning estimate, not advice. Your lender's actual EMI can differ once fees, insurance, and rounding come in, so confirm the figure with them before you commit. See our Disclaimer.
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