How to use this EMI calculator (3 steps)
- Enter your loan details: principal amount (₹), annual interest rate and loan term in years or months.
- Check the EMI and totals: the tool shows your monthly EMI, total amount paid and total interest.
- Tune and share: change rate or term to see the impact, then copy the URL to share the scenario. If you fill both years and months, they are added (for example, 2 years and 6 months = 30 months).
How it’s calculated
EMI = P × r × (1+r)^n / ((1+r)^n − 1)
- P: principal
- r: monthly interest rate (APR ÷ 12)
- n: number of payments (months)
Values are rounded to paise and formatted using Indian number grouping (Intl.NumberFormat with hi-IN / INR).
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay a loan. Each EMI includes both interest and principal so that the loan is fully paid off by the end of the term.
Use this EMI calculator to compare different home loans, car loans or personal loans quickly before talking to your lender.
Related calculators
FAQ
What can I check with this EMI calculator?
You can see your fixed monthly EMI, the total amount you repay and the total interest for a loan, based on the principal, annual interest rate and term. It helps you compare different loan offers and understand the cost of borrowing.
Does this EMI calculator support prepayments or changing EMIs over time?
No. This tool assumes a standard loan with a fixed monthly EMI and no prepayments. If you plan to make lump-sum prepayments or have a more complex repayment schedule, please check your lender’s official calculator or talk to a financial advisor.