EMI Calculator
Calculate monthly EMI for home loan, car loan, or personal loan.
Parameters & Inputs
Calculated Breakdown
No calculation yet
Set your values on the left and click Calculate to view instantaneous results.
About EMI Calculator
EMI Calculator works out the fixed monthly payment for a loan from the principal, annual interest rate and tenure, and shows the total interest you will pay.
It uses the standard reducing-balance formula that banks use for home, car and personal loans.
How to use EMI Calculator
- 1
Enter the loan amount
Use the principal, not the total including fees.
- 2
Set rate and tenure
Annual interest rate and tenure in months or years.
- 3
Read the breakdown
Monthly EMI, total interest and total repayment are shown separately.
Questions about EMI Calculator
What formula is used?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n the number of months.
Does it include processing fees?
No. Add fees and insurance separately to see the true cost.
What happens if I prepay?
Prepayment reduces the principal, which shortens the tenure or lowers the EMI. This calculator does not model prepayment.
Is the rate fixed or floating?
The result assumes a fixed rate. For floating loans, recalculate whenever the benchmark changes.
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Last updated November 2026. Files are processed on FilePlume's own hardware and deleted within 60 minutes; nothing is used for training.