Calculator
EMI Calculator
Move sliders or enter values to see monthly EMI, interest, and total payable instantly.
Loan amount
Drag the slider or type a custom value.
Interest rate
Annual rate; supports 0% for no-interest offers.
Tenure
Loan duration in months or years.
Results
Monthly EMI, total interest, and total payable.
Monthly EMI
₹20276.39
Total Interest
₹216583.66
Total Payable
₹1216583.66
Frequently Asked Questions
Is this EMI calculator free to use?
Yes! This EMI (Equated Monthly Installment) calculator is completely free with no sign-up required. Calculate loan EMI, interest amounts, and total payable amounts unlimited times.
How do I calculate my loan EMI?
Enter your loan amount, annual interest rate percentage, and loan duration in months. The calculator instantly shows your monthly EMI, total interest payable, and total amount you'll pay over the loan period with real-time updates as you adjust the sliders.
What is EMI and how is it calculated?
EMI (Equated Monthly Installment) is a fixed monthly payment for a loan. It's calculated using the formula: EMI = [P × r × (1+r)^n] / [(1+r)^n-1], where P is principal, r is monthly interest rate, and n is number of months.
Can I use this for home loans and car loans?
Absolutely! This calculator works for all types of loans including home loans, car loans, personal loans, and education loans. Just enter the loan amount, interest rate, and tenure to get accurate EMI calculations.
How accurate are the EMI calculations?
The calculator uses the standard EMI formula and provides precise results. Interest and principal amounts are calculated accurately based on reducing balance method used by most banks and financial institutions in India.