EMI Calculator
EMI Calculator is free to use. Enter your figures below and the result updates as you type. Use it for planning; it is an estimate, not advice.
About the EMI Calculator
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r the monthly rate (annual ÷ 12 ÷ 100) and n the number of monthly payments.
Compare the total interest for a shorter and a longer tenure. A small cut in the rate or tenure can save lakhs of rupees.
How to use the EMI Calculator
- Enter each figure in the boxes above, using the same currency and time units.
- The result updates as you type. Press Calculate to refresh it at any time.
- Change one figure at a time to see how much it moves the result.
Frequently asked questions
What is the EMI Calculator used for?
Compare the total interest for a shorter and a longer tenure. A small cut in the rate or tenure can save lakhs of rupees.
How accurate is the EMI Calculator?
It applies standard formulas to the figures you enter. Real results depend on actual rates, fees, taxes and timing, so treat the output as an estimate and confirm with your bank or adviser.
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