FREE ONLINE FINANCE TOOL

EMI Calculator Calculate Your Monthly Loan EMI

Calculate your monthly EMI instantly. Enter your loan amount, interest rate and tenure to estimate EMI, total interest and total repayment amount.

✓ Instant EMI Calculation

✓ 100% Free

✓ No Registration

✓ Detailed Repayment Schedule

SMART FINANCE TOOL

EMI Calculator

Calculate loan EMI, total interest, repayment schedule and prepayment savings.

LOAN DETAILS

Customize your loan

Loan Amount

₹

10K 1Cr

Interest Rate

% p.a.

0% 30%

Loan Tenure

1 Year 30 Years

Processing Fee Optional one-time lender fee

ESTIMATED MONTHLY PAYMENT

₹21,696

per month

Total Payment ₹52.07L

Principal Interest

Principal Amount ₹25,00,000

Total Interest ₹27,07,075

Processing Fee ₹0

Total Amount Payable ₹52,07,075

Monthly EMI ₹21,696

Total Interest ₹27.07L

Interest / Principal 108.28%

Loan Ends In —

SAVE MORE

Prepayment Calculator

See how an extra monthly payment can reduce interest and loan tenure.

Extra Monthly Payment

₹

0 100K

Interest Saved ₹0 Estimated savings from extra payments

Time Saved 0 months Your loan could finish earlier

New Loan Duration 20 years With your selected prepayment

COMPARE OPTIONS

Loan Comparison

Compare your current loan with another lender or interest rate.

CURRENT LOAN

Loan A

Interest Rate 8.50%

Monthly EMI ₹21,696

Total Interest ₹27,07,075

ALTERNATIVE LOAN

Loan B

Interest Rate

Monthly EMI —

Total Interest —

POTENTIAL SAVINGS ₹0

Adjust Loan B’s rate to compare.

REPAYMENT INSIGHTS

Year-wise Breakdown

Year	Principal Paid	Interest Paid	Total Payment	Balance

FULL DETAILS

Amortization Schedule

Month-by-month repayment details.

What is an EMI?

EMI stands for Equated Monthly Instalment. It is the fixed monthly payment generally made by a borrower to repay a loan over an agreed period. Each payment contains a principal portion and an interest portion.

EMI Formula

EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1)

P = principal, r = monthly interest rate and n = total number of monthly payments.

Why use this calculator?

Compare borrowing costs, understand how much interest you may pay and estimate how additional monthly payments could change your repayment period.

Disclaimer: Results are estimates for informational purposes only. Actual lender calculations, fees, taxes, rounding methods and repayment terms may differ.