Finance Calculators
EMI Calculator
Work out the monthly EMI, total interest and total payment for a loan.
- Free
- No sign-up
- Runs in your browser
- Monthly EMI
- ₹20,758.36
- Principal amount
- ₹10,00,000.00
- Total interest
- ₹2,45,501.31
- Total payment (60 months)
- ₹12,45,501.31
How to use EMI Calculator
Follow these steps:
- Enter the loan amount, the yearly interest rate and the tenure.
- Choose whether the tenure is in years or months.
- The monthly EMI, total interest and total payment update as you type.
How it is calculated
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly rate (yearly rate ÷ 12 ÷ 100) and n is the number of months.
Examples
Home loan
₹50,00,000 at 8.5% for 20 years gives a monthly EMI of about ₹43,391.
Car loan
₹8,00,000 at 9% for 5 years gives a monthly EMI of about ₹16,607.
Frequently asked questions
Does this match my bank's figure?
It uses the standard reducing-balance formula. Banks may differ slightly because of rounding, processing fees or the day the first instalment falls.
Does it include processing fees or insurance?
No. It only calculates principal and interest.
Is the information I type saved?
No. The calculation runs in your browser and nothing is sent or stored.