Loan EMI calculator

Estimate a monthly EMI and total interest from principal, interest rate and tenure you control. The result is an educational estimate, not a loan offer or lender recommendation.

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How is EMI calculated?

A standard reducing-balance illustration uses the entered principal, periodic rate and number of instalments. Actual lender schedules can differ because of fees, floating-rate resets or day-count conventions.

Loan amount (₹)

Annual interest rate (%)

Tenure (years)

Enter values and select Calculate.

Educational estimate only. Inputs stay in this browser session and are not placed in the URL.

Explain the repayment

Show EMI, total payment and total interest beside the inputs. Compare shorter and longer tenures to see the trade-off between monthly outflow and total cost.

What the estimate excludes

Processing fees, GST on fees, insurance add-ons, late charges and foreclosure rules are often excluded unless listed. Use the lender’s official documents.

Related learning

See debt and loans and the borrowing checklist.

Frequently asked questions

How is EMI calculated?

A common method uses principal, periodic interest rate and number of instalments. Lender day-count and fee rules can differ.

Is a lower EMI always cheaper?

No. A longer tenure can reduce the EMI while increasing total interest.

Does this include processing fees?

Unless shown, treat processing fees, insurance add-ons and prepayment charges as extra.

Is this a loan offer?

No. It is an estimate for education and comparison of inputs, not lenders.

Are my inputs stored?

Do not place loan amounts or results in analytics or URLs.

Review the full loan cost

Compare the estimate with the official repayment schedule and fee list before accepting any loan.

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