EMI & Loan Calculator
Work out your monthly EMI, total interest and total payable for any loan amount, rate and tenure. Free and instant.
Loan
Monthly EMI
₹10,379.18
EMI on a reducing-balance basis. Actual bank EMIs may vary with processing fees, insurance and rounding.
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Monthly EMI
See exactly what you’ll pay each month on a reducing-balance loan.
Total interest
Understand the real cost of borrowing over the full tenure.
Any tenure
Compare different loan terms in months to find an affordable payment.
Instant & free
Results update live as you type — no account, no sign-up.
How it works
- 1
Enter the loan amount you want to borrow.
- 2
Add the annual interest rate offered.
- 3
Set the tenure in months.
- 4
Read your monthly EMI, total interest and total amount payable instantly.
Frequently asked questions
How is EMI calculated?
EMI uses the reducing-balance formula EMI = P·r·(1+r)^n / ((1+r)^n − 1), where P is the principal, r is the monthly interest rate (annual ÷ 12 ÷ 100) and n is the number of months. Interest is charged on the outstanding balance.
Why does the bank’s EMI differ slightly?
Lenders may add processing fees, insurance, GST on interest, or use a different rounding or day-count convention. This calculator gives an accurate estimate of the core EMI and interest.
Is the EMI calculator free?
Yes, completely free with no sign-up. Nothing is stored — the calculation runs in your browser.