Loan tools
EMI Calculator
Work out your monthly EMI, total interest, and total repayment for any loan.
₹
%
mo
Monthly EMI
₹21,493.90
Total payment₹12,89,634
Total interest₹2,89,634
Frequently asked questions
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan principal, r is the monthly interest rate, and n is the tenure in months.
Does a longer tenure always mean lower EMI?
Yes, a longer tenure reduces the monthly EMI, but increases the total interest paid over the life of the loan — there's a real tradeoff between monthly affordability and total cost.
Is this calculator accurate for home, car, or personal loans?
The EMI formula is the same across loan types. What differs is the interest rate and any processing fees or insurance add-ons your lender may charge separately.