EMI Calculator
Plan your loan repayments with clarity and confidence.
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Total Payment: 0
Total Interest Payable
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Loan Amount
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Amortization Schedule (Balance)
Amortization Schedule (Yearly)
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How EMI Works
Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
"Interest is calculated on the outstanding principal balance. As you pay, the interest component decreases."
The Math
Where: E = EMI, P = Principal Loan Amount, r = Monthly Interest Rate, n = Tenure in Months.
Last Updated: January 2026
Disclaimer: This calculator provides estimates for educational purposes. Actual EMI may vary based on bank policies, processing fees, and other charges.
About the EMI Calculator
Estimates your Equated Monthly Installment (EMI) for a loan based on principal, annual interest rate, and tenure. It also shows total interest payable and the full amortization breakdown.
Use before taking a home, car, or personal loan to compare lenders, tenures, and affordability. Helpful when planning prepayments or refinancing.
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P = loan amount, r = monthly interest rate, n = tenure in months.
A ₹50,00,000 home loan at 8.5% for 20 years results in an EMI of about ₹43,391, with roughly ₹54,33,840 paid in interest over the full term.
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