EMI Calculator
Calculate your monthly loan EMI, total interest, and total repayment.
How to use the EMI Calculator
- Enter the loan amount you plan to borrow.
- Enter the annual interest rate offered by the lender.
- Choose the tenure and unit (years or months).
- Click Calculate to see your monthly EMI and total repayment.
Examples & tips
Example: ₹10,00,000 at 8.5% for 5 years → EMI ≈ ₹20,517, total interest ≈ ₹2,31,020.
Tip: Even a 0.5% lower rate can save tens of thousands over a five-year loan.
Frequently asked questions
What is EMI?
EMI (Equated Monthly Installment) is the fixed monthly payment that repays both principal and interest over the loan tenure.
Which formula is used?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly interest (annual/12/100), and n is tenure in months.
Does it include processing fees or insurance?
No. The result shows principal + interest only. Add other charges separately.