EMI Calculator for Home, Car and Personal Loans
Enter the loan amount, interest rate and tenure to see your monthly EMI, the total interest you will pay and how your balance falls every year.
How to use EMI Calculator
- Enter the loan amount, yearly interest rate and tenure.
- Read your monthly EMI, total interest and total payment.
- Scroll the yearly table to see how much of each year goes to principal and interest.
How EMI is calculated
EMI = P × r × (1+r)n ÷ ((1+r)n − 1), where P is the loan amount, r is the monthly interest rate (yearly rate ÷ 12 ÷ 100) and n is the number of monthly instalments.
Ways to reduce your interest
- Choose a shorter tenure. The EMI is higher but total interest is much lower.
- Make part-prepayments when you have spare money.
- Compare rates from several banks before you sign.
Things this calculator does not include
Processing fees, insurance and changes in floating interest rates are not included. Ask your lender for the full cost.
Frequently asked questions
How do I calculate EMI?
Enter loan amount, interest rate and tenure. The tool applies the standard EMI formula and shows the result at once.
EMI kaise calculate kare?
Loan amount, interest rate aur tenure likhein. Monthly EMI aur total interest turant dikh jayega.
Does a longer tenure lower the EMI?
Yes, but you pay more total interest.
Can I use it for a car or personal loan?
Yes. The formula is the same for home, car, education and personal loans.
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