EMI Calculator

Loan Amount (₹)Interest Rate (% per annum)Loan Tenure

How the EMI estimate is calculated

The calculator uses the reducing-balance formula EMI = P × R × (1 + R)^N ÷ ((1 + R)^N − 1), where P is principal, R is the monthly interest rate, and N is the number of monthly payments.

How to use the result

Enter the amount you expect to borrow, the annual rate quoted by the lender, and the repayment term. Compare multiple scenarios to see how the term and rate change both the monthly payment and total interest.

Important limitations

This is an estimate, not a loan offer or financial advice. Actual payments can differ because of fees, insurance, taxes, changing rates, rounding, prepayments, penalties, or a lender's calculation method. Confirm the final repayment schedule and terms with the lender.