EMI Calculator
Calculate your monthly payment, total interest and the real cost of your loan.
What will you actually pay?
Adjust any input and the loan cost updates instantly.
Interest is 18.8% of your total repayment.
You borrow ₹10,00,000. You repay ₹12,30,992.
Here is where your money goes over the full loan term.
How your EMI changes over time
Interest ₹7,083
Paid toward principal ₹1,67,629
Compare loan tenures
Longer tenure lowers EMI but increases total interest.
| Tenure | Monthly EMI | Interest | Total payment |
|---|---|---|---|
| 5 years | ₹20,517 | ₹2.31 L | ₹12.31 L |
| 7 years | ₹15,836 | ₹3.30 L | ₹13.30 L |
| 10 years | ₹12,399 | ₹4.88 L | ₹14.88 L |
Every payment, explained
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹20,517 | ₹13,433 | ₹7,083 | ₹9,86,567 |
| 2 | ₹20,517 | ₹13,528 | ₹6,988 | ₹9,73,038 |
| 3 | ₹20,517 | ₹13,624 | ₹6,892 | ₹9,59,414 |
| 4 | ₹20,517 | ₹13,721 | ₹6,796 | ₹9,45,694 |
| 5 | ₹20,517 | ₹13,818 | ₹6,699 | ₹9,31,876 |
| 6 | ₹20,517 | ₹13,916 | ₹6,601 | ₹9,17,960 |
| 7 | ₹20,517 | ₹14,014 | ₹6,502 | ₹9,03,946 |
| 8 | ₹20,517 | ₹14,114 | ₹6,403 | ₹8,89,832 |
| 9 | ₹20,517 | ₹14,214 | ₹6,303 | ₹8,75,619 |
| 10 | ₹20,517 | ₹14,314 | ₹6,202 | ₹8,61,304 |
| 11 | ₹20,517 | ₹14,416 | ₹6,101 | ₹8,46,889 |
| 12 | ₹20,517 | ₹14,518 | ₹5,999 | ₹8,32,371 |
What if I prepay?
Estimate your interest saving after one year.
How much can I afford?
Estimate a loan from your comfortable EMI.
Include additional fees
These are optional and are added to your estimated total cost.
Estimated total cost ₹12,30,992
What is EMI?
EMI means Equated Monthly Instalment. It is the fixed amount you pay every month to repay a loan. Each EMI contains both principal and interest. At the beginning, more of the payment goes toward interest; as the balance falls, more goes toward principal.
How is EMI calculated?
The calculator uses the standard reducing-balance formula using your loan amount, annual interest rate and tenure. The result updates instantly whenever you change an input.
Home loan, car loan or personal loan?
Choose a loan type to start with sensible defaults. You can always change the rate, amount and tenure for your lender's actual offer.
EMI FAQs
Does a lower EMI mean a cheaper loan?
Not always. A longer tenure lowers the monthly payment but usually increases total interest.
Can I use this for any lender?
Yes. Enter the interest rate and tenure offered by your lender for an estimate.
Is the result exact?
It is a reliable estimate based on the inputs. Your lender may calculate daily interest, taxes or fees differently.
Should I include fees?
Yes, when known. Processing fees, insurance and other charges affect the real cost of borrowing.
HOW IT WORKS
Estimate your loan instalments.
Enter the loan amount, interest rate, and term to see your estimated repayment schedule.
1. Enter loan details
Provide the principal, annual interest rate, and loan tenure.
2. Calculate the EMI
The calculator estimates your monthly instalment and interest.
3. Review the breakdown
Compare the total repayment and principal-versus-interest amounts.