EMI Calculator
Plan your home, car, or personal loan EMIs. Adjust loan amount, interest rate and tenure to see monthly EMI, total interest and total payable amount.
Loan Details
This EMI calculator is for estimation only. Actual EMI may vary depending on bank charges and exact loan terms.
How is EMI calculated?
EMI (Equated Monthly Installment) is calculated using the standard loan formula:
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 months.
What can I use this EMI calculator for?
You can use this EMI calculator for: home loans, car loans, personal loans, business loans or any other term loan with fixed interest rate.
Tips for better loan planning
- Try different tenures to balance EMI and total interest.
- Compare interest rates from multiple banks/NBFCs.
- Aim for a comfortable EMI within 30–40% of your monthly income.