Finance Calculators
EMI Calculator
Work out your monthly EMI, total interest and total payment, complete with a full amortization schedule.
About the EMI Calculator
An EMI (Equated Monthly Instalment) calculator shows exactly what a loan will cost you each month. Enter the loan amount, interest rate and tenure and it computes your fixed monthly payment along with the total interest you will pay.
The built-in amortization table breaks every instalment into principal and interest, so you can see how your balance falls over time — essential for home, car and personal loan planning.
How to use the EMI Calculator
- Enter the loan amount.
- Enter the annual interest rate.
- Set the tenure in years or months.
- Click Calculate EMI.
How the calculation works
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1)
P = principal · r = monthly rate · n = number of months
P = principal · r = monthly rate · n = number of months
Example
A ₹10,00,000 loan at 8.5% for 20 years has an EMI of about ₹8,678, with total interest near ₹10.8 lakh.
Frequently asked questions
An EMI is the fixed monthly amount you pay to repay a loan, covering both principal and interest over the tenure.
It uses the standard reducing-balance formula based on the principal, monthly interest rate and number of instalments.
It is a month-by-month table showing how each EMI splits between interest and principal, and the falling balance.
Yes, a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.
This tool assumes fixed instalments. Prepayments would reduce your balance and interest faster than shown.