How the EMI Calculator works
An Equated Monthly Instalment (EMI) repays both principal and interest over the loan tenure.
Formula: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where r is the monthly interest rate and n the number of months.
EMI Calculator
Calculate the EMI, total interest and total payable for a home, car or personal loan.
✓ 100% free✓ No sign-up✓ Runs in your browser
Calculating…
Results are estimates for learning and planning. Actual returns, rates and charges vary.
FAQ
How can I reduce my total interest?
Choose a shorter tenure if the EMI is affordable, compare lender rates, and make part-prepayments when possible.
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