What does EMI stand for?

Equated Monthly Instalment. It's the fixed amount you pay each month until the loan is fully repaid.

Does this handle variable-rate loans?

No. It assumes a fixed annual rate for the full tenure. For variable-rate loans, run it with each rate scenario.

Can I calculate home loans and car loans with this?

Yes. The EMI formula is the same — only the inputs differ.

EMI Calculator

EMI क्यालकुलेटर

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About this tool

EMI Calculator

Monthly payment, total interest, and total paid for any loan.

Compute the Equated Monthly Installment (EMI) for a loan — car, home, personal — given principal, annual interest rate, and tenure. Returns monthly payment, total interest paid over the loan, and overall cost.

Category: Calculators
Where it runs: Your browser
Version: v1.0.0
Price: Free · no sign-up

How to use

Step by step

1
Enter the loan amount
The total principal you're borrowing.
2
Set the annual interest rate
For example, 9.5 means 9.5% per year.
3
Enter the tenure in months
Months, not years — a 20-year loan is 240.
4
Read the monthly EMI
The big number is what you'll pay each month. Below it: total interest and total paid over the loan's life.

Frequently asked

Questions

Equated Monthly Instalment. It's the fixed amount you pay each month until the loan is fully repaid.