Loan EMI Calculator
Instantly calculate your monthly EMI, total interest and repayment amount for any loan type.
Customize Your Loan
Adjust amount, interest rate and tenure to instantly view EMI calculations.
Enter total loan principal amount
Annual interest charged by lender
Select repayment duration
Monthly EMI
Interest
₹1,13,668
Repayment
₹6,13,668
Principal Amount
₹5,00,000
Interest Payable
₹1,13,668
Total Repayment Amount
₹6,13,668
What is an EMI Loan Calculator?
An EMI (Equated Monthly Instalment) Loan Calculator is a powerful financial tool that helps you plan your loan repayment before you borrow. Whether you are considering a home loan, car loan, personal loan or education loan — this calculator gives you an instant, accurate breakdown of your monthly obligation, total interest cost, and final payable amount.
The EMI Formula Explained
The standard formula used by every bank in India to compute EMI is:
P = Principal | r = Monthly Interest Rate | n = Tenure in months
Tips to Reduce Interest
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Make a higher down payment to reduce your total loan principal.
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Maintain a CIBIL score above 750 to negotiate lower interest rates.
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Use part-prepayments to close your loan faster and save on total interest.