EMI Calculator
Plan any loan with confidence. Enter the amount, interest rate and tenure to see your monthly EMI, total interest, total repayment and a month-by-month schedule.
Enter the loan amount, interest rate and tenure — your EMI appears as you type.
Formula: EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan amount, r the monthly rate (yearly rate ÷ 12 ÷ 100) and n the number of months. With 0% interest, EMI = P ÷ n.
Figures are calculated at full precision and rounded to the nearest paisa. Your lender’s numbers may differ slightly because of their rounding, processing fees, insurance and payment dates.
Copy the loan details and results as text.
Calculations run in your browser. Nothing you enter is sent to our servers.
How to use EMI Calculator
- 1
Enter the loan amount
Type the amount you plan to borrow in rupees, for example 5,00,000 — between ₹100 and ₹1,000 crore.
- 2
Add the rate and tenure
Enter the yearly interest rate (0% to 50%) and the tenure in years, months or both, up to 40 years. “Try an example” fills in a sample loan.
- 3
Review the results
See the monthly EMI, total interest and total repayment with a principal-vs-interest breakdown. Open the repayment schedule for every month, or copy the results.
Frequently asked questions
How is EMI 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. For an interest-free loan, EMI = P ÷ n.
What is the EMI for ₹5 lakh at 10% for 5 years?
About ₹10,623.52 a month for 60 months. You repay ₹6,37,411.34 in total, of which ₹1,37,411.34 is interest.
How are total interest and total repayment worked out?
Total repayment is the EMI multiplied by the number of instalments, and total interest is the total repayment minus the loan amount. With a reducing-balance loan, early EMIs are mostly interest and later EMIs are mostly principal — the repayment schedule shows this month by month.
Why might my lender’s EMI be slightly different?
Lenders round amounts in their own way and may add processing fees, insurance or broken-period interest depending on when payments start. This calculator shows the standard reducing-balance EMI, rounded to the nearest paisa.
Can I use it for any type of loan?
Yes — home, car, personal and education loans with a fixed interest rate and equal monthly instalments. It doesn’t cover floating rates that change during the loan, step-up EMIs or prepayments.
Is my loan information stored?
No. Everything is calculated in your browser and nothing you enter is sent to our servers.