EMI Calculator

Estimate your Equated Monthly Installment for a home, car, or personal loan. Results are approximate and for planning only.

Loan amount

Principal amount (e.g. 500000)

Annual interest rate (%)

Tenure

Monthly EMI—

Total interest—

Total payment—

Number of EMIs—

How EMI is calculated

EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1), where P is principal, r is monthly interest rate, and n is number of months.

This tool is for estimation only and does not constitute financial advice. Bank fees, insurance, and compounding conventions may differ.