EMI Calculator
Work out the monthly instalment on a loan — home, vehicle, personal, or business. Enter the amount, rate, and how long you'll take to repay it.
An estimate on a reducing-balance loan. Your lender's actual EMI may differ with fees and rounding.
Track what you owe alongside what you're actually earning and saving each month — one place for the whole picture, not a separate calculator for every question.
How it works
The loan charges interest on the outstanding balance each month. Your EMI is set so that the same amount clears both that month's interest and a slice of principal every month, and the balance reaches zero exactly at the end of the tenure — the standard reducing-balance method every Indian bank uses, which is why the interest-vs-principal split shifts over the loan's life (more interest early on, more principal later). A 0% loan just divides the amount evenly across the tenure.
An example
A ₹5,00,000 loan at 9% a year over 60 months. The EMI works out to about ₹10,379. Over the five years you repay roughly ₹6,22,700 in total, so about ₹1,22,700 of that is interest.
Common questions
What is an EMI?
The fixed amount you pay a lender every month until the loan is cleared. Each instalment is part interest, part principal — mostly interest early on, mostly principal near the end.
Why is my bank's EMI slightly different?
Processing fees, GST on fees, the disbursal date, and rounding move the number a little. This is the core reducing-balance EMI — a close estimate.
Does a longer tenure make the loan cheaper?
It lowers the monthly EMI but raises the total interest, because the balance stays high for longer. Compare a short and a long tenure to see the trade-off.