EMI Calculator
Monthly EMI, total interest and payment for any loan — instantly.
₹
%
years
Monthly EMI
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for 120 months
Principal
Interest
Principal
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Total interest
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Total payment
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Interest / principal
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Repayment breakdown
About & FAQ
This free EMI calculator works for home loans, car loans, personal loans and any reducing-balance loan. Enter the loan amount, annual interest rate and tenure to see your equated monthly instalment (EMI), the total interest you'll pay, and the total amount payable — with a year-by-year breakdown.
How is EMI calculated?
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan amount, r is the monthly rate (annual ÷ 12 ÷ 100) and n is the number of months.
Can I use it for home, car and personal loans?
Yes — the reducing-balance formula is the same for all of them.
Is it free?
Yes, free with no sign-up, and it runs entirely in your browser.
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