See your monthly payment and total interest before you borrow.
₹8,678
Monthly EMI
₹10,82,776
Total interest
₹20,82,776
Total payment
An Equated Monthly Installment (EMI) is the fixed amount you pay every month to repay a loan. Knowing your EMI before taking a home loan, car loan, or personal loan helps you plan your budget and avoid over-borrowing.
This free EMI calculator shows your monthly installment, total interest payable, and the total amount you will repay over the loan tenure. Adjust the loan amount, interest rate, and tenure to compare different scenarios in seconds.
How to use the Loan EMI Calculator
1Enter the loan amount you plan to borrow.
2Enter the annual interest rate offered by your lender.
3Choose the loan tenure in years.
4Read your monthly EMI, total interest, and total payment instantly.
Frequently asked questions
How is EMI calculated?+
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 monthly installments.
Does a longer tenure reduce my EMI?+
Yes, a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.
Can I use this for home and car loans?+
Yes. The EMI formula is the same for home loans, car loans, personal loans, and education loans.