Calculate your monthly EMI, total interest payable and total repayment amount for home loans, personal loans, car loans, education loans and business loans instantly.
Provide your loan amount, annual interest rate and loan tenure.
Our calculator instantly computes your monthly EMI using the standard EMI formula.
Review your EMI, total interest, repayment amount and payment breakdown.
1–3 Years
3–7 Years
7–15 Years
15–30 Years
Up to 20 Years
| Loan Type | Typical Interest Rate |
|---|---|
| Home Loan | 7%–10% |
| Car Loan | 8%–12% |
| Personal Loan | 10%–24% |
| Education Loan | 8%–15% |
| Business Loan | 9%–20% |
EMI = P × R × (1 + R)N ÷ ((1 + R)N − 1)
Where P is the loan amount, R is the monthly interest rate and N is the total number of monthly installments.
An EMI (Equated Monthly Installment) Calculator helps you estimate the fixed monthly payment required to repay a loan over a selected tenure. Whether you're planning a home loan, car loan, personal loan, education loan or business loan, this calculator provides quick and accurate estimates to support better financial planning.
Simply enter the loan amount, annual interest rate and repayment period to instantly calculate your monthly EMI, total interest payable and total repayment amount.
EMI stands for Equated Monthly Installment. It is the fixed amount a borrower pays every month until the loan is fully repaid. Each EMI consists of two components:
The original loan amount borrowed from the lender.
The cost charged by the lender for borrowing the money over the repayment period.
A larger loan amount generally results in a higher monthly EMI.
Even a small change in the interest rate can significantly impact the total repayment amount.
Longer repayment periods reduce monthly EMI but increase the total interest paid.
Additional charges by lenders can increase the overall borrowing cost.
This EMI Calculator provides estimated loan repayment values based on the information you enter. Actual EMI, interest charges, fees and repayment schedules may vary depending on your lender, loan agreement and applicable regulations. Always confirm the final loan details with your financial institution before making borrowing decisions.
EMI (Equated Monthly Installment) is the fixed monthly amount you pay to repay a loan. It includes both principal and interest components.
EMI is calculated using the loan amount, annual interest rate and repayment tenure with the standard EMI formula.
Yes. A longer loan tenure usually reduces the monthly EMI but increases the total interest paid over the life of the loan.
Yes. You may reduce your EMI by choosing a longer tenure, negotiating a lower interest rate or making a larger down payment.
This calculator provides reliable estimates using the standard EMI formula. Your lender's actual repayment schedule may vary because of fees, taxes or specific loan terms.
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