–
Calculate your monthly loan installment, total interest payable, and total repayment from the loan amount, interest rate, and tenure. See the principal vs interest split at a glance.
Calculate EMI now–
–
–
This calculator uses the standard reducing-balance EMI formula to work out your monthly installment, total interest, and total repayment for a loan, based on the loan amount, annual interest rate, and tenure. It also shows how much of your total payment goes toward principal versus interest.
Get your monthly installment the moment you change any input.
A simple visual bar shows how your total payment breaks down.
Enter your loan tenure in whichever unit your lender quotes.
Your loan details never leave your browser.
| Loan amount | Rate | Tenure | EMI |
|---|---|---|---|
| ₹5,00,000 | 9.5% | 5 years | ≈ ₹10,499 / month |
| ₹20,00,000 | 8.5% | 20 years | ≈ ₹17,357 / month |
It uses the standard reducing-balance EMI formula: EMI = P x r x (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 monthly installments.
Yes, a longer tenure spreads the same loan over more installments, lowering the monthly EMI, but it also increases the total interest paid over the life of the loan.
Enter the annual interest rate as quoted by your lender. This calculator automatically converts it to a monthly rate for the EMI formula.
No. This calculator only covers principal and interest under the standard EMI formula. Processing fees, insurance, and other lender-specific charges are not included.
Yes. The EMI formula is the same across loan types. Just enter the loan amount, interest rate, and tenure for whichever loan you are evaluating.
No. All calculations happen locally in your browser using client-side JavaScript. Nothing you enter is sent to a server.