EMI
Calculate EMI on home, car, or personal loans in India
EMI Calculator
₹
%
Yr
Monthly EMI₹0Estimated monthly payment
Principal amount₹0
Total interest₹0
Total payment₹0
Principal amount
Total interest
Your Amortization Details (Yearly/Monthly)
| Year | Principal (A) | Interest (B) | Total (A + B) | Balance |
|---|
How to use this calculator
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay a loan. Each EMI includes part of the principal and part of the interest.
How the EMI formula works
In the formula, P is the loan amount, r is the monthly interest rate (annual rate divided by 12), and n is the total number of monthly payments. A higher interest rate or longer tenure increases total interest paid.
Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1)Examples
- Loan: ₹10,00,000 | Rate: 8.5% | Tenure: 20 years → EMI ≈ ₹8,678
- Loan: ₹5,00,000 | Rate: 10% | Tenure: 5 years → EMI ≈ ₹10,624
Frequently asked questions
Does this EMI calculator work for home loans?
Yes. Enter your loan amount, annual interest rate, and tenure in years to estimate your monthly EMI.
Is the result exact?
This calculator gives a close estimate. Banks may round values differently or add processing fees.