EMI Calculator

Work out your monthly EMI, total interest and total payment for any home, car or personal loan — instantly and free.

Monthly EMI: ₹8,997

Total interest payable: ₹11,59,342

Total payment (principal + interest): ₹21,59,342

Plan your loan with confidence

Your EMI (Equated Monthly Instalment) is the fixed amount you pay the lender every month until the loan is repaid. It depends on three things: the loan amount, the interest rate, and the tenure. This calculator instantly shows your monthly EMI along with the total interest and total amount payable, so you can compare options before you borrow.

Try different tenures and rates to see the trade-off: a longer tenure means a smaller EMI but more interest overall. Everything is calculated in your browser — nothing is stored or sent anywhere.

Frequently asked questions

How is EMI calculated?
EMI is calculated using the formula EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments.
What is the EMI for a ₹10 lakh loan?
It depends on the rate and tenure. For example, ₹10,00,000 at 9% for 20 years is about ₹8,997 per month. Enter your own figures above to see the exact EMI.
Does a longer tenure reduce my EMI?
Yes — a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.
Is this calculator free?
Yes. It is completely free, needs no sign-up, and runs entirely in your browser.

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