Simplify your loan planning with our EMI Calculator. Whether you're considering a home loan, personal loan, car loan, or any other type of borrowing, this tool helps you estimate your monthly payments, total interest, and overall repayment amount—instantly and accurately.
₹
| Month | Principal | Interest | Outstanding Principal |
|---|---|---|---|
| 1 | ₹6,894 | ₹3,125 | ₹4,93,106 |
| 2 | ₹6,937 | ₹3,082 | ₹4,86,169 |
| 3 | ₹6,980 | ₹3,039 | ₹4,79,189 |
| 4 | ₹7,024 | ₹2,995 | ₹4,72,164 |
| 5 | ₹7,068 | ₹2,951 | ₹4,65,097 |
| 6 | ₹7,112 | ₹2,907 | ₹4,57,984 |
An EMI (Equated Monthly Installment) Calculator is a digital tool that helps you determine how much you need to pay every month toward repaying your loan. By inputting the principal amount, rate of interest, and loan tenure, you get a clear view of your monthly obligation.
This tool removes the guesswork from loan management, giving you full visibility into your future payments—helping you make informed decisions based on your budget and financial goals.
To get started, simply enter the following details:
Based on this data, the calculator provides:
This allows you to compare different borrowing scenarios before committing to any loan.
The calculator uses the standard EMI formula:
EMI = [P × R × (1 + R)^N] ÷ [(1 + R)^N – 1]
Where:
The tool automates this formula to ensure precise calculations and real-time results based on your input.
Using an EMI Calculator offers several distinct advantages:
Suppose you take a ₹10 lakh loan at 10% annual interest for 5 years. Your EMI would be approximately ₹21,247, with a total repayment amount of ₹12.74 lakh. The calculator helps you visualize such outcomes in seconds.
The EMI Calculator can be used for:
Related Tools:
EMI stands for Equated Monthly Installment. It is the fixed payment made by a borrower to the lender each month to repay a loan.
For loans with a fixed interest rate, yes. For floating-rate loans, the EMI may vary based on rate fluctuations.
Some lenders allow tenure modifications, but this depends on the loan agreement and the lender’s policies.
Yes. The calculator uses the standard mathematical formula for EMI and provides accurate, real-time results based on your inputs.
Absolutely. You can use this tool to calculate EMIs for any standard loan type including personal, home, auto, and education loans.
