EMI Calculator
Calculate your loan EMI, total interest and repayment schedule.
An EMI (equated monthly instalment) is the fixed amount you pay each month to repay a loan.
About EMI Calculator
Work out the monthly EMI for a home, car or personal loan in seconds. Enter the loan amount, interest rate and tenure to see your EMI, total interest, total payment and a year-by-year repayment breakdown. A free, private loan calculator that runs in your browser.
An EMI (equated monthly instalment) is the fixed amount you pay each month to repay a loan. This EMI calculator uses the standard reducing-balance formula to show your monthly EMI, the total interest you will pay and a year-by-year breakdown of principal and interest — before you commit to a home, car or personal loan.
How to use EMI Calculator
- Enter the loan amount and the yearly interest rate.
- Set the loan tenure in years or months.
- Read your monthly EMI, total interest and total payment.
- Scroll the yearly table to see how much principal and interest you pay each year and the balance left.
Key features
- Reducing-balance EMI with a year-by-year repayment table.
- Principal-versus-interest bar so the cost of the loan is easy to see.
- Choose from ten currencies; Indian rupees use lakh/crore digit grouping.
- Private — nothing you enter is sent anywhere.
Common use cases
- Comparing loan offers with different rates or tenures.
- Checking whether a home or car loan EMI fits your monthly budget.
- Seeing how much interest a longer tenure adds.