EMI Calculator
Enter the loan amount, interest rate and tenure to see your monthly EMI, the total interest and how much goes to principal versus interest. Works for home, car and personal loans.
Runs in your browser. Your files never leave your device.
120 monthly payments. Your bank may add fees, so treat this as an estimate.
How it works
- 01Enter the loan amount.
- 02Set the interest rate and tenure.
- 03Read your EMI and the total cost.
Tips and common mistakes
How the EMI is worked out
The EMI depends on the loan amount, the yearly interest rate and the number of months. The monthly rate is the yearly rate divided by 12 and 100. For example, a loan of Rs 10,00,000 at 9% for 5 years has an EMI of about Rs 20,758, so you pay about Rs 12.45 lakh in total, of which about Rs 2.45 lakh is interest.
A longer term lowers the EMI but raises the interest
Stretching a loan over more years makes each payment smaller, but you pay interest for longer, so the total cost rises. Try a few tenures and pick the shortest one you can comfortably afford.
Check what the lender adds
Processing fees, insurance and a different way of charging interest (for example a floating rate that changes) can change what you really pay. Treat the result as an estimate and compare it with your lender's schedule.
Guides for this tool
Questions
Is the EMI exact?
It uses the standard reducing-balance formula. Banks may add processing fees or round differently, so treat it as a close estimate.
Is my file uploaded to a server?
No. Everything happens inside your browser on your own device. Your files are never sent to us or anyone else.
Is it free?
Yes. It is free to use, with no signup, no watermark and no daily limit.