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EMI Calculator

Enter the loan amount, interest rate and tenure to see your EMI (equated monthly instalment), the total interest you will pay, and a year-by-year repayment schedule. Works for home, car, personal, education and business loans in any currency.

How to use the EMI Calculator

Fill in the fields on the left. Results, charts and the breakdown update instantly as you type or move a slider. Pick your country at the top of the page to switch currency.

Formula

EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1) P = loan amount r = monthly interest rate (annual rate ÷ 12 ÷ 100) n = number of monthly payments

Frequently asked questions

What is an EMI?

An EMI is a fixed monthly payment that covers both interest and part of the principal. Early payments are mostly interest; later payments are mostly principal.

How can I reduce my EMI?

Choose a longer tenure, negotiate a lower interest rate, or make a bigger down payment. A longer tenure lowers the EMI but increases the total interest you pay.

Does a 1% lower rate make a big difference?

Yes. On a 20-year loan, a 1% lower rate can cut total interest by 10–15%. Use the calculator to compare.

Results are estimates for information only and are not financial, tax or legal advice. Tax rules, interest rates and fees change, so confirm important numbers with your bank, employer or a qualified adviser. Read our disclaimer.