EMI Calculator
Find the monthly installment (EMI) for a home, vehicle or personal loan. Enter the loan amount, interest rate and tenure to see your EMI, total interest and a year-by-year repayment schedule.
Monthly EMI
- Principal
- Total interest
- Total payment
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance left |
|---|
Works in your browser. Nothing you enter is sent or saved.
Questions
How is EMI calculated?
EMI = P x r x (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 monthly payments.
Is this the exact amount my bank will charge?
It is a close estimate for a fixed-rate loan. Banks may add service charges or change the rate during the loan, so confirm the final figure with your bank.
Can I use months instead of years?
Yes. Switch the tenure to Months to enter the exact number of installments.
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