EMI Calculator
Plan your loan. Understand every payment.
Loan Details
Enter your loan information to calculate EMI.
⚙ Advanced Options
Use this calculator for home, car, personal, bike, mobile and other reducing-balance loans.
◉ Principal vs Interest
▤ Repayment Schedule (EMI Table)
| Month | EMI (₹) | Principal (₹) | Interest (₹) | Balance (₹) |
|---|
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What is an EMI?
EMI means Equated Monthly Instalment. It is the regular payment made towards a loan, usually combining principal and interest. This calculator supports flat-rate and reducing-balance methods, plus fixed and floating rate scenarios.
EMI Formula
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
P is the principal loan amount, r is the monthly interest rate and n is the total number of monthly instalments. At zero interest, EMI is simply the principal divided by the number of months.
EMI Calculator FAQs
What affects my monthly EMI?
Loan amount, annual interest rate and repayment tenure determine your EMI.
Does a longer tenure reduce EMI?
Usually yes, but a longer tenure can increase the total interest you pay.
Can I include a processing fee?
Yes. Enable the processing fee option to see it added to the estimated total payment. The fee is shown separately from the monthly EMI.
Is this the exact amount my bank will charge?
No. This is an estimate. Actual lender terms, fees, rate changes, insurance and payment dates may affect your final repayment.