Free EMI Calculator
Work out your monthly loan instalment, total interest, and total repayment — no signup, nothing sent to a server. Already know the EMI you can afford and want to work out the loan amount instead? Try the Loan Calculator, or check what that repayment does to your take-home with the Salary Calculator.
Monthly EMI
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Total interest
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Total payment
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How to calculate EMI
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1
Enter the loan amount
Type the principal you plan to borrow, in rupees.
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2
Enter the annual interest rate
Use the rate quoted by your bank or lender.
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3
Set the tenure
Enter the repayment period in years or months.
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4
Read the EMI breakdown
Monthly EMI, total interest, and total payment update instantly as you type.
Example use cases
Home loans
Compare monthly instalments across different tenures before you commit.
Car & personal loans
Check whether a shorter tenure or lower rate meaningfully cuts total interest.
Budgeting before applying
See the EMI figure before approaching a lender, so you know it fits your monthly budget.
Frequently asked questions
How is EMI calculated?
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 monthly instalments.
What counts as the interest rate here?
Enter the annual interest rate quoted by your lender — the calculator converts it to a monthly rate automatically.
Does this include processing fees or insurance?
No, this calculates only principal and interest on the loan amount you enter. Add any fees or insurance separately when budgeting.
Is my loan information sent to a server?
No. The calculation runs entirely in your browser — nothing is transmitted or logged.