Calculator
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Use sliders or type values directly to calculate EMI instantly.
₹
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%
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Years
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Calculate monthly EMI, total interest, and total repayment for home loans, car loans, personal loans, and other loan types.
Calculate monthly EMI, total interest, and total repayment for home loans, car loans, personal loans, and other loan types.
Enter the required values, review the live result, then use the breakdown, tables, FAQ, and related calculators to compare scenarios before making a decision.
This calculator runs in your browser and does not require an account, backend storage, or database persistence.
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Use sliders or type values directly to calculate EMI instantly.
Breakdown
Understand how much goes towards principal and interest.
Principal amount
₹10,00,000
48%
Total interest
₹10,82,776
52%
Showing first 12 months of repayment.
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹8,678 | ₹1,595 | ₹7,083 | ₹9,98,405 |
| 2 | ₹8,678 | ₹1,606 | ₹7,072 | ₹9,96,799 |
| 3 | ₹8,678 | ₹1,618 | ₹7,061 | ₹9,95,181 |
| 4 | ₹8,678 | ₹1,629 | ₹7,049 | ₹9,93,552 |
| 5 | ₹8,678 | ₹1,641 | ₹7,038 | ₹9,91,912 |
| 6 | ₹8,678 | ₹1,652 | ₹7,026 | ₹9,90,260 |
| 7 | ₹8,678 | ₹1,664 | ₹7,014 | ₹9,88,596 |
| 8 | ₹8,678 | ₹1,676 | ₹7,003 | ₹9,86,920 |
| 9 | ₹8,678 | ₹1,688 | ₹6,991 | ₹9,85,232 |
| 10 | ₹8,678 | ₹1,700 | ₹6,979 | ₹9,83,533 |
| 11 | ₹8,678 | ₹1,712 | ₹6,967 | ₹9,81,821 |
| 12 | ₹8,678 | ₹1,724 | ₹6,955 | ₹9,80,098 |
Formula
EMI is calculated using loan amount, monthly interest rate, and loan tenure.
Standard EMI formula
EMI = P x R x (1 + R)^N / ((1 + R)^N - 1)
In this formula, P is the principal loan amount, R is the monthly interest rate, and N is the total number of monthly installments.
The annual interest rate is divided by 12 and converted into a monthly decimal rate. For example, an annual rate of 12% becomes 1% per month, or 0.01 in the formula.
Use the amortization table to see how each payment gradually shifts from interest-heavy in the early months to principal-heavy as the balance reduces.
Guide
Estimate monthly loan payments and understand the trade-off between EMI, tenure, and interest before comparing loan offers.
Add the amount you plan to borrow. Higher principal increases both monthly EMI and total repayment.
Use the annual interest rate offered by the lender. Even small rate differences can meaningfully change total interest.
Compare years and months to balance affordability with total interest paid over the life of the loan.
This calculator helps estimate EMI for home loans, car loans, personal loans, education loans, and other fixed-rate loans. It is useful before applying for a loan, comparing lender offers, changing tenure, or checking how a larger down payment may reduce monthly repayment pressure.
FAQ
Clear answers for common loan EMI calculation questions.
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