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Finance Calculators

EMI Calculator

Calculate the monthly EMI, total interest payable, and total payment for a loan.

Part of the Buying a home journey · step 2 of 5 · See the full map →

The amount you're borrowing, e.g. 12 L or 1200000.

Your next decision

What will a home at this price cost me monthly?Buying a home specifically? See the full breakdown including your down paymentHow much home can I actually afford?Work backward from what you can afford, not just a loan amount you already have in mindShould I prepay my loan to save interest?See how much you'd save by prepaying instead of running the full tenure

Frequently Asked Questions

What is EMI?
EMI (Equated Monthly Installment) is the fixed monthly payment you make toward a loan, covering both principal and interest, until the loan is fully repaid.
How is EMI calculated?
EMI is calculated using the loan amount, annual interest rate, and loan tenure with the standard reducing-balance formula: 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.
Does a longer loan tenure reduce my EMI?
Yes, a longer tenure spreads the same loan amount over more installments, lowering the monthly EMI — but it increases the total interest you pay over the life of the loan.