Free Tool

EMI Calculator

Estimate your monthly loan repayment, total interest and total amount payable before you borrow. Adjust the loan amount, interest rate and tenure to see how each factor affects your EMI.

Estimated Monthly EMI ₹0 / month
Principal Amount₹0
Total Interest₹0
Total Amount Payable₹0
Principal Interest

How EMI Is Calculated

EMI stands for Equated Monthly Installment — a fixed payment made each month that covers both principal and interest, structured so the loan is fully repaid by the end of its tenure.

The calculation depends on three inputs: the loan amount (principal), the interest rate, and the tenure (repayment period). Changing any one of these changes your EMI — for example, a longer tenure typically lowers your monthly EMI but increases the total interest paid over the life of the loan.

How to Use This Calculator

  1. Enter the loan amount you are considering.
  2. Enter the expected annual interest rate.
  3. Enter the loan tenure in years.
  4. Review the estimated monthly EMI, total interest and total amount payable.
Note: This calculator provides an estimate for educational purposes only. Actual EMI, interest rate and charges offered by a lender may differ based on their specific terms and your eligibility.