Calculate your monthly loan EMI, total interest,
and total repayment amount instantly. Useful for
home loans, car loans, personal loans and other
monthly installment calculations.
Loan Details
Enter your loan amount, interest rate
and repayment period.
₹
₹
₹1 Lakh
₹1 Crore
Annual
%
1%
30%
Years
Years
1 Year
40 Years
Your EMI Result
Monthly EMI
₹8,678
Estimated monthly payment
Principal Amount
₹10,00,000
Total Interest
₹10,82,720
Total Payment
₹20,82,720
Loan Tenure
20 Years
Payment Breakdown
Principal:
50%
Interest:
50%
What is an EMI?
EMI stands for Equated Monthly Installment.
It is the fixed amount a borrower generally
pays every month toward a loan. Each EMI
contains two components: the principal amount
and the interest charged by the lender.
As the loan progresses, the interest component
generally decreases while the principal
component increases.
How does an EMI calculator work?
The calculator uses the loan amount, annual
interest rate and loan tenure to calculate the
monthly installment.
EMI =
P × r × (1 + r)n
÷
[(1 + r)n − 1]
Here, P represents the principal
loan amount, r represents the
monthly interest rate, and n
represents the total number of monthly
installments.
Factors that affect your EMI
Loan Amount:
A larger loan generally results in a higher
monthly installment.
Interest Rate:
A higher interest rate generally increases
the EMI and total interest paid.
Loan Tenure:
A longer tenure can reduce the monthly EMI,
but may increase the total interest paid over
the life of the loan.
Repayment Structure:
Different lenders and loan products may use
different terms, fees or repayment structures.
EMI Amortization Schedule
The table below provides an estimated yearly
breakdown of principal and interest payments.
Year
Opening Balance
Principal
Interest
Closing Balance
Frequently Asked Questions
EMI means Equated Monthly Installment.
It is the regular payment made toward a
loan according to its repayment schedule.
A longer tenure generally reduces the
required monthly payment, but it can result
in more interest being paid over the complete
repayment period.
No. This calculator provides an estimate.
Actual loan terms can vary based on the
lender, interest rate, fees, repayment
schedule and borrower-specific conditions.
Yes. You can use the calculator for
approximate home-loan EMI calculations.
It can also be used for car loans,
personal loans and similar installment-based
loans.