EMI Calculator
Use this EMI calculator to estimate monthly loan payments, total interest, and the full repayment cost before you borrow.
Loan summary
Your EMI Result
Monthly EMI
| Month | Opening Balance | EMI | Interest | Principal | Closing Balance |
|---|
How the EMI calculation works
The EMI formula spreads the loan over fixed monthly payments while reducing the balance each month.
When to use this calculator
Use it before taking a home loan, car loan, personal loan, or refinance offer so you can compare monthly payments quickly.
FAQ
What is EMI?
EMI is the fixed monthly payment you make toward a loan until it is fully repaid.
Does this include processing fees?
No. The calculator shows principal and interest only, so fees can be added separately.
Can I change the tenure in months?
Yes. Enter any loan tenure in months and the EMI updates instantly after you calculate.
Why is the amortization table useful?
It shows how each payment is split between interest and principal across the full loan term.
What happens if the interest rate is zero?
The EMI becomes the loan amount divided by the number of months when the rate is zero.