EMI Loan Calculator
Work out the EMI on any loan in seconds. Enter the amount, interest rate and tenure to see your monthly payment, total interest and a year-by-year breakdown.
About this calculator
The EMI (Equated Monthly Instalment) is the fixed amount you repay every month until a loan is cleared. It combines interest and principal, so early instalments are interest-heavy and later ones repay more principal.
Use this calculator to compare how the loan amount, rate and tenure each move your EMI before you commit to a lender.
Frequently asked questions
How is EMI calculated?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate and n is the number of months.
Does a longer tenure reduce my EMI?
Yes — a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.
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