EMI Calculator
Calculate your loan EMI (Equated Monthly Installment), total interest payable and a full amortization schedule for any loan amount, rate and tenure.
How to use this tool
- 1Enter your figures in the fields above.
- 2Results update instantly as you type.
- 3Adjust the inputs to compare different scenarios.
Frequently asked questions
How is EMI calculated?+
EMI = P Γ r Γ (1+r)^n / ((1+r)^n β 1), where P is the loan amount, r is the monthly interest rate (annual rate Γ· 12 Γ· 100) and n is the number of monthly installments.
Does a higher tenure reduce EMI?+
Yes β a longer tenure lowers your monthly EMI but increases the total interest you pay over the life of the loan. Use the schedule to compare scenarios.
Is this calculator free?+
Yes. It's completely free, needs no sign-up, and runs entirely in your browser so your numbers stay private.
Guides & deep dives
How EMI Is Calculated: Formula, Example and Amortization Explained
Learn exactly how EMI is calculated using the standard formula, a step-by-step INR example, amortization table breakdown, and how tenure and prepayment affect your loan.
7 Proven Ways to Reduce Your Home Loan EMI
Cut your home loan EMI with balance transfers, prepayments, and rate negotiation. Practical strategies with worked examples for Indian borrowers.
GST Rates in India: Slabs, CGST/SGST Split and Examples
Master India's GST slabs β 0%, 5%, 12%, 18%, 28% β with real item examples, CGST/SGST/IGST explained, and step-by-step inclusive vs exclusive tax math.
15-Year vs 30-Year Mortgage: Total Cost Compared
See exactly how much more a 30-year mortgage costs versus a 15-year on a $300k loan β monthly payments, total interest, and who should choose which.