EMI Calculator
Compute monthly EMI, total interest and payment with CSV amortization download.
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FAQs
How is EMI calculated?
We use the standard formula: 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.
What interest rate should I enter?
Use the annual rate offered by your lender; the tool converts it to monthly for calculations.
Is prepayment considered?
Not in the base calculator. Prepayment reduces tenure or EMI; we can add that as an advanced option if you need.
What is an EMI Calculator?
Our EMI calculator helps you estimate the monthly payment for home loans, personal loans, car loans, or any other amortized loan. Enter the principal amount, annual interest rate, and tenure to instantly see the Equated Monthly Instalment (EMI), total interest payable, and overall cost of the loan. This is a client‑side tool that runs entirely in your browser—no sign‑up or backend required.
How to use it
- Type the loan amount you plan to borrow.
- Enter the interest rate (per year). You can adjust this to compare lenders.
- Choose the tenure in months or years.
- Click calculate to see EMI, interest split and payoff summary.
Why it matters: even a small change in interest rate or tenure can materially impact your EMI and the total interest outgo. Use the calculator to compare multiple scenarios before you commit to a loan. You can also export or share the results with a lender or a friend for a second opinion.
Disclaimer: The EMI shown here is an estimate based on standard amortization formulae. Actual terms offered by banks/NBFCs may vary depending on credit profile and fees.