EMI Calculator
Work out your monthly loan EMI, total interest and repayment schedule.
Runs on your device · no upload
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About EMI Calculator
EMI Calculator shows your monthly instalment, the total interest and the full amount you will pay for any loan. Enter the amount, interest rate and tenure in years or months. See a year-by-year summary or the full month-by-month schedule.
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All calculations happen right in your browser.
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Frequently asked questions
How is EMI calculated?
With the reducing-balance formula EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate and n is the number of months.
Why is my bank's EMI a little different?
Banks may add processing fees, round amounts or start interest from a different day, so figures can differ slightly.
Does this work for home, car and personal loans?
Yes. Any loan with equal monthly instalments uses the same calculation.
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