Calculate your monthly loan EMI, total interest and total repayment amount.
Enter your loan amount, annual interest rate and loan tenure to calculate the EMI.
Your EMI depends on the loan principal, interest rate and loan tenure.
This is the original amount borrowed from the lender.
The annual interest rate determines the cost of borrowing.
A longer tenure generally reduces the EMI but can increase the total interest paid.
The standard EMI formula uses the loan amount, monthly interest rate and total number of monthly instalments.
Where P is the principal loan amount, r is the monthly interest rate and n is the total number of monthly instalments.
Suppose you borrow ₹5,00,000 at an annual interest rate of 10% for 5 years.
Use the calculator above to calculate the exact monthly EMI, total interest and total repayment based on these values.
EMI stands for Equated Monthly Instalment. It is the regular payment made toward a loan, generally consisting of principal and interest.
A longer tenure generally reduces the monthly EMI, but it can result in a higher total amount of interest paid over the life of the loan.
Yes. The calculator estimates the monthly EMI, total interest and total payment based on the information entered.
Yes. The standard EMI calculation can be used to estimate payments for many amortizing loans.
Explore more free calculators and business tools from India Business Tools.
Explore our finance calculators and tools for loans and financial calculations.
View Finance Tools →Estimate income tax using our online income tax calculator.
Calculate Income Tax →