Free & Accurate — No Sign-up Required

EMI Calculator

Calculate Your Loan EMI Instantly

Plan your finances with precision. Get instant EMI calculations, interest breakdowns, and full amortization schedules for any loan.

Loan EMI Calculator

Adjust the sliders to calculate your monthly EMI

Monthly EMI

₹2,05,028

Principal

₹10.00 L

Interest

₹25,138

Total

₹10.25 L

₹
₹10K₹1.00 Cr
%
0.5%30%
1 Month360 Months

Ready to apply?

Compare the best loan rates from top banks.

Check Eligibility

Amortization Schedule

Year-by-year breakdown of your loan repayment

MonthEMIPrincipalInterestBalance
1₹2,05,028₹1,96,694₹8,333₹8,03,306
2₹2,05,028₹1,98,333₹6,694₹6,04,972
3₹2,05,028₹1,99,986₹5,041₹4,04,986
4₹2,05,028₹2,01,653₹3,375₹2,03,333
5₹2,05,028₹2,03,333₹1,694₹0

Home Loan EMI

Calculate EMI for your dream home

Car Loan EMI

Plan your car purchase budget

Personal Loan EMI

Quick personal loan estimates

How Does an EMI Calculator Work?

An EMI (Equated Monthly Installment) calculator is a financial tool that helps you determine the monthly payment amount for a loan. It uses the reducing balance method, which is the standard calculation method used by banks across India.

The EMI Formula

EMI = P × r × (1+r)n / ((1+r)n - 1)

Where P = Principal loan amount, r = Monthly interest rate, and n = Number of monthly installments.

Benefits of Using an EMI Calculator

  • Financial Planning: Know your exact monthly outflow before taking a loan.
  • Loan Comparison: Compare EMI amounts across different banks and interest rates.
  • Budget Management: Plan your monthly budget around your EMI obligations.
  • Pre-payment Planning: Understand how extra payments reduce your tenure and interest.

Frequently Asked Questions

EMI stands for Equated Monthly Installment. It is the fixed monthly amount you pay to the bank or lender to repay your loan. Each EMI consists of two components — the principal amount and the interest on the outstanding loan balance.