EMI Calculator
Equated Monthly Instalments (EMIs) make loan repayments manageable. Use this calculator to find your EMI, total interest payable, and total payment amount.
Monthly EMI₹0
Total Interest₹0
Total Payment₹0
Why Use an EMI Calculator?
An EMI Calculator shows your monthly EMI, total interest, and total repayment instantly—so you can budget better and pick the best loan option.
Benefits of Calculating Your EMI
- Clear monthly cash-flow planning
- Easy bank/NBFC offer comparison
- Optimise tenure to reduce interest
- Avoid over-borrowing and stress
How the EMI is Calculated
We use the reducing balance formula: EMI = P × r × (1+r)n / ((1+r)n − 1), where r is monthly rate and n is number of months.
Example
₹10 lakh at 9% p.a. for 20 years ≈ EMI ₹8,997; total interest ≈ ₹11.6 lakh; total payment ≈ ₹21.6 lakh.
Resources
FAQs
Q1: Can I reduce EMI later?
Yes—refinance at a lower rate, increase tenure, or part-prepay principal.
Q2: What’s better—short or long tenure?
Short = higher EMI, less interest; Long = lower EMI, more interest.