EMI Calculator
Calculate your monthly loan EMI, total interest and total repayment.
How to Use the EMI Calculator
Enter the loan amount, annual interest rate, and loan tenure. Click Calculate EMI to see your estimated monthly EMI, total interest payable, and total repayment amount. You can change the values and calculate again to compare different loan options.
What Is EMI?
EMI (Equated Monthly Instalment) is the fixed amount you pay every month towards a loan. It generally includes both the principal and interest components. Your EMI depends on the loan amount, interest rate, and loan tenure.
How EMI Is Calculated
EMI is calculated using the loan amount, monthly interest rate, and total number of monthly instalments. The calculator uses the standard EMI formula to estimate your monthly repayment.
EMI Calculator Example
For example, if you borrow ₹10,00,000 at an annual interest rate of 8% for 10 years, the estimated monthly EMI is around ₹12,133. The total interest and total repayment can be viewed in the calculator above.
Important Note
This EMI calculator provides estimated results for educational and financial planning purposes only. Actual EMI, interest and repayment amounts may vary depending on the lender, applicable interest rate, fees, charges and other terms.