EMI Calculator
Calculate your monthly loan EMI, total interest and total repayment. Calculations run locally in your browser.
Your result
Updates instantly as you change assumptions.
How this tool helps
Use this EMI calculator to estimate the fixed monthly payment for a loan from the principal, annual interest rate and tenure. It also shows how much interest you may pay over the full term.
- Compare different loan tenures before borrowing.
- See how a lower interest rate changes total interest.
- Use the repayment total as a planning estimate, not a lender quote.
Worked example: Estimate a five-year personal loan
- Loan principal: ₹5,00,000
- Annual interest rate: 10%
- Tenure: 5 years
The calculator estimates an EMI of about ₹10,624 per month, total payments of about ₹6.37 lakh and total interest of about ₹1.37 lakh.
Illustrative reducing-balance calculation. Actual lender fees, insurance, rate changes and repayment dates can alter the schedule.
Frequently asked questions
What is EMI?
EMI means Equated Monthly Instalment, the regular payment made toward a loan.
Does a longer tenure reduce EMI?
Usually yes, but a longer tenure can increase the total interest paid.
Is this EMI result exact?
It is an estimate based on the inputs you provide. Lender fees, changing rates, insurance and other charges may change the actual amount.