Home loan, car loan, or personal loan — get instant EMI breakdown with full amortization schedule. No signup required.
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Loan Types
EMI Calculator
Adjust the sliders or type values to calculate your monthly EMI instantly.
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Loan Amount
₹ 25,00,000
Annual Interest Rate
8.5 %
Loan Tenure
20 Years
Monthly EMI
₹21,733
Per month for 20 years
Principal Amount₹25,00,000
Total Interest₹27,15,920
Total Payment₹52,15,920
Processing Fee (est.)₹12,500
Principal: 48%
Interest: 52%
📋 Amortization Schedule
Year-by-year breakdown of your loan repayment.
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Year
Opening Balance
Principal Paid
Interest Paid
Closing Balance
How EMI Is Calculated
Understanding the formula behind your EMI
EMI Formula
EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ – 1]
Where P = Principal, r = Monthly Interest Rate, n = Number of Months
01
Enter Loan Amount
Input the total amount you wish to borrow from the bank or NBFC.
02
Set Interest Rate
Enter the annual interest rate offered by your lender. Rates vary by loan type.
03
Choose Tenure
Select repayment period in years. Longer tenure = lower EMI but more interest.
04
Get Instant Results
See your monthly EMI, total interest, and year-wise amortization instantly.
Frequently Asked Questions
Everything you need to know about EMI calculation
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What is EMI?
EMI stands for Equated Monthly Installment. It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.
How is EMI calculated?
EMI is calculated using the formula: EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ – 1], where P is the principal loan amount, r is the monthly interest rate (annual rate/12), and n is the number of monthly installments.
Does higher tenure mean lower EMI?
Yes, a longer loan tenure results in a lower monthly EMI. However, you end up paying significantly more interest over the loan period. It is advisable to choose the shortest tenure you can comfortably afford.
What is a good EMI to income ratio?
Financial experts recommend keeping your total EMI obligations below 40–50% of your monthly net income. This ensures you have enough left for savings, expenses, and emergencies.
Can I reduce my EMI after taking a loan?
Yes, you can reduce your EMI by making partial prepayments, refinancing at a lower interest rate, or negotiating a tenure extension with your lender. Most lenders allow prepayments, though some may charge a prepayment penalty.
Is this EMI calculator accurate?
Our EMI calculator uses the standard reducing balance method formula used by all major banks and NBFCs in India. Results are highly accurate, though actual EMI may vary slightly based on the lender's exact calculation method, processing fees, and GST charges.
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