EMI Calculator — know your monthly installment before you borrow.
Move the sliders below to instantly estimate your home, car or personal loan EMI, see the principal vs interest split and the full repayment schedule.
| Year | Principal Paid | Interest Paid | Total Payment | Balance |
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The credit market in India is steadily on the rise. It is currently the 4th largest credit industry in the world, recording a CAGR of over 11% year on year. A vast majority of these advancements are short-term credits such as personal loans and credit cards — combined, these two financial products account for 78% of all credit lending in India.
Loan repayments include EMIs, and borrowers should factor the EMI amount into their current and future finances. There are several EMI calculators available online; using an accurate one helps you know the exact EMI you're liable to pay for a loan before you sign up for it.
Factors Affecting Your Due Amount
Based on your financial and repayment capability, here are the key factors that decide your equated monthly installment.
Term of the Loan
A loan's tenure may get reduced or extended, which increases or decreases the EMI amount accordingly. Choosing the right term is key to keeping installments comfortable.
Rate of Interest
The interest rate is a vital factor in your installment amount. Compare products and opt for a lower rate so your overall repayment stays low.
Amount of Loan
Deciding the loan amount upfront helps determine your EMI. Based on interest rate and tenure, you can verify the exact installment value before applying.
The Formula Used to Calculate EMI
Instant calculations by an online EMI calculator help you estimate the EMI amount and plan finances efficiently, with full clarity and transparency.
Types of EMI Calculators
The same formula powers every loan type — only the amount, tenure and rate ranges typically differ.
Home Loan EMI Calculator
Estimate monthly payments on your home loan by factoring in loan amount, interest rate and tenure — ideal for planning a property purchase.
Car Loan EMI Calculator
Estimate installment amounts for vehicle loans with varying tenures and interest rates before you drive home your next car.
Personal Loan EMI Calculator
Assists borrowers in estimating EMIs for unsecured personal loans based on loan amount, tenure and applicable interest rate.
Frequently Asked Questions
An EMI Calculator helps you estimate your monthly loan installment based on the loan amount, interest rate and repayment tenure.
Enter or slide to set your loan amount, interest rate and tenure — the calculator instantly computes your monthly EMI, total interest and total payable amount using the standard EMI formula.
Yes, it's completely free with no limits on how many times you can recalculate for different loan scenarios.
It helps you understand your monthly payment obligations upfront and choose a loan amount and tenure that comfortably fits your budget.
Yes, simply enter your home loan amount, interest rate and tenure into the calculator above to get an instant estimate.
You need the principal loan amount, the annual rate of interest, and the loan tenure (in years or months).
Yes, the results panel shows your principal amount, total interest payable and the total amount you'll repay over the loan tenure.
Yes, simply adjust the tenure slider to instantly see how your EMI and total interest change across different repayment periods.
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