EMI Calculator
Compute your monthly loan EMI along with total interest and total amount payable.
Monthly EMI
₹8,678
Total interest
₹10,82,776
Total payment
₹20,82,776
What is the EMI Calculator?
The EMI Calculator works out the equated monthly instalment on any loan — home, car, personal or education. Enter the loan amount, annual interest rate and tenure, and it returns the monthly payment, total interest and total repayment using the standard reducing-balance formula.
Calculations happen on your device, so you can enter real financial figures privately.
How to use the EMI Calculator
- 1Enter the loan amount you want to borrow.
- 2Enter the annual interest rate as a percentage.
- 3Set the tenure in months or years.
- 4Read the monthly EMI, total interest and total amount payable — values update as you adjust inputs.
- 5Optionally view the month-by-month amortisation schedule.
Key features
- Instant EMI recalculation on every change
- Total interest vs principal breakdown
- Amortisation schedule (month-wise principal and interest)
- Works for home, car, education and personal loans in any currency
Important notes
- The calculator assumes a fixed interest rate — for floating rates, recalculate after each reset date.
- Lender processing fees are not included; add them to the principal to model the true cost.
Frequently asked questions
How is the EMI calculated?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is principal, r the monthly rate and n the tenure in months.
What is total interest?
The sum of every month's interest component — what you pay above the principal over the life of the loan.
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