Finance Tools

EMI Calculator

Calculate monthly EMI for home, car, and personal loans. View total interest, total payable amount, and a full amortization schedule in seconds.

Loan Amount

Annual Interest Rate (%)

Loan Tenure

How to calculate your loan EMI

Three inputs. The amortization schedule in step three is the part most people don't look at — but should.

01
Enter the loan amount, rate, and tenure
The loan amount is what you're borrowing (not the property price). The rate is the annual interest rate your lender quoted. Tenure can be entered in months or years.
02
Read your monthly EMI
You'll see the monthly payment, total interest payable over the full tenure, and the total amount you'll pay back. A ₹50 lakh loan at 8.5% for 20 years works out to roughly ₹43,391/month and ₹54.1 lakh in interest.
03
Check the amortization schedule
The month-by-month table shows how much of each payment goes to principal vs interest. In the early months, most of your EMI is interest — this is why prepaying early saves significantly more than prepaying later.

What people use it for

Before applying for a home loan

Banks approve loans based on your income, but you need to know if the EMI is actually comfortable to pay every month for 20 years. Run the numbers before you apply.

Comparing loan tenures

A 10-year vs 20-year tenure on the same loan: the 10-year EMI is higher, but you pay roughly half the total interest. The amortization schedule makes this concrete.

Evaluating prepayment

The schedule shows that prepaying in year 2 saves far more interest than prepaying in year 15. Use it to decide when and how much to prepay.

Refinancing decisions

If your lender offers a lower rate, recalculate with the new rate to see the actual monthly saving and whether it justifies the refinancing cost.

Frequently asked questions

Free, no account needed.

Equated Monthly Installment — the fixed amount you pay each month to repay a loan. It includes both principal repayment and interest, calculated so the loan is fully paid off by the end of the tenure.

EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the principal, r is the monthly interest rate (annual rate / 12 / 100), and n is the number of months.

Yes, but you pay significantly more total interest. A ₹30 lakh loan at 9% over 10 years: EMI ₹38,003, total interest ₹15.6 lakh. Over 20 years: EMI ₹26,992, total interest ₹34.8 lakh. Lower monthly payment, more than double the interest.

No — the calculator shows the pure EMI based on principal, rate, and tenure. Processing fees, insurance premiums, and other charges vary by lender and aren't included.

Nothing is sent anywhere. Runs in your browser.

Yes, on any modern phone or tablet browser.

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How to calculate your loan EMI

Three inputs. The amortization schedule in step three is the part most people don't look at — but should.

Enter the loan amount, rate, and tenure

The loan amount is what you're borrowing (not the property price). The rate is the annual interest rate your lender quoted. Tenure can be entered in months or years.

Read your monthly EMI

You'll see the monthly payment, total interest payable over the full tenure, and the total amount you'll pay back. A ₹50 lakh loan at 8.5% for 20 years works out to roughly ₹43,391/month and ₹54.1 lakh in interest.

Check the amortization schedule

The month-by-month table shows how much of each payment goes to principal vs interest. In the early months, most of your EMI is interest — this is why prepaying early saves significantly more than prepaying later.

What people use it for

Before applying for a home loan

Banks approve loans based on your income, but you need to know if the EMI is actually comfortable to pay every month for 20 years. Run the numbers before you apply.

Comparing loan tenures

A 10-year vs 20-year tenure on the same loan: the 10-year EMI is higher, but you pay roughly half the total interest. The amortization schedule makes this concrete.

Evaluating prepayment

The schedule shows that prepaying in year 2 saves far more interest than prepaying in year 15. Use it to decide when and how much to prepay.

Refinancing decisions

If your lender offers a lower rate, recalculate with the new rate to see the actual monthly saving and whether it justifies the refinancing cost.

Frequently asked questions

Free, no account needed.

EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the principal, r is the monthly interest rate (annual rate / 12 / 100), and n is the number of months.

No — the calculator shows the pure EMI based on principal, rate, and tenure. Processing fees, insurance premiums, and other charges vary by lender and aren't included.

Nothing is sent anywhere. Runs in your browser.

Yes, on any modern phone or tablet browser.