EMI Calculator (India)

Instantly compute EMI, total interest, and total payable. Perfect for personal, home, car, and education loans in India.

EMI Calculator Input Section

EMI Calculator

Estimated Monthly EMI

₹ 16607.15

Total Interest: ₹ 97857.58

Total Payable: ₹ 597857.58

How EMI is calculated

EMI = P × r × (1 + r)n / ((1 + r)n − 1), where P is principal, r is monthly interest rate, and n is number of months.

For guidance only. Actual EMI depends on lender terms.

How to Use the EMI Calculator

Planning your loan repayment is simple with this tool. Enter a few details to get a clear picture of your monthly commitment.

This EMI calculator is designed to give accurate and instant results, helping borrowers make smarter financial decisions.

Frequently Asked Questions (EMI Calculator)

FAQs

What information do I need to use the EMI Calculator?

To calculate your EMI, simply enter the loan amount, annual interest rate, and tenure in months. The calculator instantly shows your monthly EMI, total interest, and total payable.

Can I use this EMI Calculator for any type of loan?

Yes, this EMI Calculator works for personal, home, car, business, and education loans. It supports both fixed and floating interest rates.

Will the EMI remain the same throughout the loan tenure?

For fixed-rate loans, the EMI remains constant. For floating-rate loans, EMI may change if the interest rate changes during the tenure.

Can I change loan amount or tenure to plan better?

Yes. You can adjust the loan amount, interest rate, or tenure to find the most comfortable EMI plan for your budget.

Does the EMI include both principal and interest?

Yes, the EMI consists of both principal and interest. Initially, the interest portion is higher and reduces over time as principal repayment increases.

Can I calculate EMI before applying for a loan?

Absolutely. Using this EMI calculator before applying helps you understand your monthly commitment and make informed financial decisions.