EMI Calculator
Calculate your monthly loan EMI in seconds. Adjust the amount, interest rate and tenure to see exactly what you'll pay.
How the EMI calculator works
Your EMI depends on three things: the loan amount (principal), the interest rate, and the repayment tenure. A higher amount or rate increases your EMI, while a longer tenure lowers the monthly EMI but raises total interest paid. Use the sliders above to find a balance that fits your budget.
EMI (Equated Monthly Instalment) is the fixed amount you pay every month to repay a loan — it includes both principal and interest.
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of months.
Yes — a longer tenure lowers your monthly EMI, but you end up paying more total interest over the life of the loan.
Results are estimates for educational purposes only and may differ from your lender's actual figures. Not financial advice.