EMI Calculator
Calculate your monthly loan EMI using loan amount, annual interest rate and tenure.
Monthly EMI
Enter values
How this calculator works
EMI = P × r × (1+r)n / ((1+r)n - 1)
P is the loan amount, r is the monthly interest rate and n is the number of monthly instalments.
Example
For a ₹5,00,000 loan at 10% annual interest for 5 years, the calculator estimates the monthly EMI and total interest over 60 months.
Frequently asked questions
Does EMI stay the same every month?
For a standard fixed-rate reducing-balance loan, the EMI usually remains the same while the interest and principal components change.
Does this include processing fees?
No. Processing fees, insurance, taxes and other lender charges are not included.
Can I enter tenure in months?
Yes. Choose Months from the tenure unit.