EMI Calculator

Calculate monthly EMI for home, car or personal loans. Enter principal, interest rate and tenure for instant EMI results online.

Everything runs in your browser. Your input is not sent to a server.

How to use the EMI Calculator

Enter the loan principal (amount borrowed).
Enter the annual interest rate and the loan tenure (months or years as shown).
Press Calculate to see monthly EMI and related totals.
Adjust values and recalculate to compare loan options.

How it works

EMI uses the standard reducing-balance formula based on principal, periodic interest rate and number of installments. The result is the fixed monthly payment that covers both interest and principal over the tenure.

Useful when comparing bank offers or planning a budget before applying for a loan.

Examples

Principal 500,000, rate 10% per year, 5 years → EMI is calculated for 60 months.
Shorter tenure raises the EMI but lowers total interest paid.
Higher rate increases both EMI and total interest for the same principal and tenure.

EMI Calculator FAQ

What is EMI?

Equated Monthly Installment—the fixed amount you pay each month until the loan is repaid.

Does this include processing fees or insurance?

No. The calculator focuses on principal, interest rate and tenure. Extra charges from lenders are not included unless you add them to the principal yourself.

Is the EMI Calculator free?

Yes. It runs in your browser with no account required.