Calculate monthly EMI for home loans, car loans, and personal loans. See total interest and payment breakdown.
Input the loan amount, annual interest rate, and tenure in months.
Click the calculate button for instant EMI computation.
View monthly EMI, total interest payable, and total amount payable over the loan tenure.
EMI (Equated Monthly Installment) is the fixed payment amount made by a borrower to a lender at a specified date each month. Understanding your EMI is crucial before taking any loan — whether it is a home loan, car loan, personal loan, or education loan. It helps you assess affordability and plan your monthly budget accordingly.
Our EMI calculator uses the standard amortization formula: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1), where P is the principal, r is the monthly interest rate, and n is the number of months. This formula is used by all banks and financial institutions in India to calculate EMI.
Plan your home purchase by calculating monthly mortgage payments.
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Compare different loan offers and interest rates quickly.
See total interest paid over the entire loan tenure — avoid surprises.
Before committing to a loan, always compare EMIs across different loan amounts, interest rates, and tenures. A slightly lower interest rate or shorter tenure can save you lakhs in total interest. Our calculator makes it easy to run multiple scenarios quickly, helping you make informed financial decisions.