Loans

EMI Calculator India

Calculate monthly EMI, total payment and total interest for home, personal or car loans.

Educational estimate only

Calculator results can vary based on company policy, lender terms, tax law, investment assumptions or personal details.

Enter your values

Loan amount₹Total loan amount borrowed.Annual interest rate%Annual reducing balance interest rate.Loan tenureyearsLoan repayment period in years.

Estimated results

Monthly EMI

₹20,758

Total payment

₹12,45,501

Total interest

₹2,45,501

This calculator gives an educational estimate. Verify final numbers with your payslip, lender, tax advisor or official source.

Formula used

EMI is calculated using the reducing balance loan formula: P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly interest rate and n is number of monthly payments.

Example calculation

For a ₹10,00,000 loan at 9% annual interest for 5 years, the calculator estimates the EMI and total interest over the full tenure.

When this tool is useful

When you want a fast estimate before making a financial or salary decision.
When you want to compare different assumptions in seconds.
When you want to understand the formula behind the result.

FAQs

Can this be used for home loan EMI?

Yes. You can use it for home, personal, car or education loans if the lender uses a reducing balance EMI structure.

Why does interest change with tenure?

Longer tenure reduces monthly EMI but usually increases total interest paid over the loan period.