Free EMI Calculator
Work out the monthly EMI on any loan - home, car, personal, or business. Enter the amount, interest rate, and tenure to see your EMI, total interest, and total repayment instantly. Nothing is stored, nothing is sent anywhere.
Monthly EMI
₹10,143
Total interest
₹8,25,680
Total payable
₹18,25,680
EMI = P·r·(1+r)ⁿ / ((1+r)ⁿ−1). Estimates only - confirm exact figures with your lender.
The short answer
EMI (Equated Monthly Installment) is calculated as P·r·(1+r)ⁿ ÷ ((1+r)ⁿ−1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of months. For example, a ₹10,00,000 loan at 9% for 15 years is an EMI of about ₹10,143, with roughly ₹8.26 lakh paid in interest over the full term.
Need the full month-by-month amortization schedule you can save and print? The offline Loan Calculator you own forever has it.
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Frequently asked questions
How is EMI calculated?+
EMI = P·r·(1+r)ⁿ / ((1+r)ⁿ−1), where P is the principal, r is the monthly interest rate, and n is the number of monthly installments. This calculator does the math for you instantly.
Does a lower tenure reduce total interest?+
Yes. A shorter tenure means a higher monthly EMI but significantly less total interest paid, because the principal is cleared faster. Try changing the tenure to compare.
Is my data saved?+
No. The calculation runs entirely in your browser - nothing you enter is stored or sent anywhere.