Loan EMI Calculator
Estimate your monthly EMI, total interest payable and total repayment amount for personal, business, home, used-car, education or other reducing-balance loans.
Calculate Your Loan EMI
Enter your proposed loan amount, annual interest rate and repayment tenure. Results update instantly as you change the values.
Enter Loan Details
Use the interest rate quoted by your bank or NBFC for the closest estimate.
Loan Repayment Schedule
See how each EMI is divided between interest and principal over the repayment tenure.
Amortisation Schedule
Monthly repayment breakdown
| Month | Opening Balance | EMI | Principal | Interest | Closing Balance |
|---|
How EMI Calculation Works
EMI is a fixed monthly repayment that includes both principal repayment and interest.
Loan Amount
This is the principal amount you borrow. Higher loan amounts generally produce a higher EMI when the rate and tenure remain the same.
Interest Rate
The annual interest rate is converted into a monthly rate for calculation. A higher rate increases the interest portion of your repayment.
Tenure in Months
A longer tenure may reduce the monthly EMI, but it can also increase the total interest paid over the life of the loan.
P = loan amount, r = monthly interest rate, and n = total number of monthly instalments.
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