EMI Calculator

Calculate your monthly loan payments for home, car, or personal loans. Works for any loan type — housing, vehicle, personal, or education.

Loan amount₹10,00,000

Rs 1LRs 5Cr

Interest rate (% p.a.)8.5%

1%30%

Loan tenure (years)20 yrs

1 yr30 yrs

Monthly EMI

₹8,678

Total interest

₹10,82,776

Total payment

₹20,82,776

Frequently asked questions

What is EMI?: EMI stands for Equated Monthly Instalment. It's the fixed amount you pay every month towards repaying a loan, including both principal and interest.
How is EMI calculated?: EMI is calculated using the formula: EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is the principal, r is the monthly interest rate, and n is the number of months.
Does a longer tenure reduce my EMI?: Yes, a longer tenure reduces your monthly EMI, but you end up paying more total interest over the life of the loan.