To calculate EMI, enter the loan amount, annual interest rate and tenure. Your monthly EMI, total interest and total amount payable update instantly, with a chart of principal versus interest and a year-by-year repayment table.
How to use the EMI Calculator
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1
Enter the loan amount
Type it or use the slider.
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2
Enter the interest rate
Annual rate from your lender.
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3
Set the tenure
Years or months.
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4
Review and export
See the yearly schedule or download the monthly one as CSV.
How it works
EMI (Equated Monthly Instalment) uses the reducing-balance formula:
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of monthly instalments. Each month, interest is charged on the outstanding balance and the rest of the EMI repays principal — so early EMIs are mostly interest.
Features
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Instant results
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Amortization schedule
Yearly table; monthly CSV.
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Principal vs interest
Visual breakdown.
Examples
₹10,00,000 at 9% for 20 years: r = 0.0075, n = 240 → EMI ≈ ₹8,997, total interest ≈ ₹11.59 lakh, total payable ≈ ₹21.59 lakh.
Privacy and file handling
- Where it runs
- Runs in your browser
Runs entirely in your browser. Your files and text are not uploaded to our servers.
Limitations
- Doesn’t include processing fees, insurance or GST — use the Loan Calculator for fees and prepayments.
- Banks may round differently or use daily interest, so results can differ by a few rupees.
Frequently asked questions
How can I reduce my EMI?
Choose a longer tenure, negotiate a lower rate, or make a larger down payment. A longer tenure lowers the EMI but increases total interest.
Is EMI the same every month?
For a fixed-rate loan, yes. For floating-rate loans, lenders change the EMI or tenure when rates change.
Is this financial advice?
No — it’s an estimate. Confirm figures with your lender.
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