EMI Calculator
Enter the loan amount, annual interest rate and tenure to get your exact monthly instalment, along with the total interest and the total amount you will repay.
How to use the EMI Calculator
- Enter the loan principal.
- Enter the annual interest rate offered.
- Set the tenure in months or years and read your EMI, total interest and total payable.
About the EMI Calculator
An equated monthly instalment keeps the payment fixed while the split between interest and principal shifts over time — early payments are mostly interest, later ones mostly principal. Seeing the total interest figure next to the monthly number is usually more revealing than the EMI itself: stretching a loan by a few years lowers the monthly payment but can add a very large amount to what you finally pay. Use the tenure field to compare options before you commit.
Frequently asked questions
How is EMI calculated?
Using the standard formula P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly interest rate and n is the number of months.
Does a longer tenure reduce my EMI?
Yes, but it increases total interest. Compare a shorter and longer tenure here and look at the total interest line, not just the monthly figure.
Does this work for home, car and personal loans?
Yes. The maths is the same for any reducing-balance loan — only the rate and tenure differ.
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