EMI Calculator
Calculate your Equated Monthly Instalment for home, car or personal loans.
Your EMI
Monthly EMI
10,379.18
60 instalments
For estimation purposes only — not financial, medical, or professional advice.
How to use this calculator
- 1Enter the principal amount you are borrowing.
- 2Enter the annual rate of interest offered by your bank.
- 3Choose tenure in months or years and read your EMI instantly.
How it's calculated
EMI = P x r x (1 + r)^n / ((1 + r)^n - 1), where P is the principal, r is the monthly interest rate (annual rate / 12 / 100) and n is the tenure in months.
Total payable = EMI x n, and total interest = total payable minus principal.
This is the reducing-balance method used by banks and NBFCs for home, car, personal and education loans.
EMI Calculator FAQs
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