EMI Calculator

How to calculate your loan EMI

1. Enter the loan amount you plan to borrow.
2. Enter the annual interest rate offered.
3. Enter the tenure in years or months.
4. Read your monthly EMI, total interest and total amount payable.

How EMI works

An EMI (Equated Monthly Instalment) is the fixed amount you pay every month until the loan is repaid. It uses the formula 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 number of months. Early instalments go mostly toward interest; later ones toward principal.

Tips to lower your EMI

A longer tenure lowers the monthly EMI but increases total interest. A shorter tenure raises the EMI but saves interest overall. Even a small rate reduction or a part-prepayment can noticeably cut your total cost.

Frequently asked questions

Does this include processing fees or insurance?

No — it calculates the pure loan EMI. Lenders may add processing fees, insurance or GST on charges, so your actual outgo can differ slightly.

Are my numbers sent anywhere?

No. Everything is calculated in your browser; nothing is uploaded or stored.