An EMI (Equated Monthly Installment) is the fixed amount you pay your lender every month until a loan is fully repaid. This EMI calculator works out that figure instantly from three inputs: the loan amount (principal), the annual interest rate, and the tenure in months or years. It uses the standard reducing-balance formula, so the result matches what banks and NBFCs quote. Beyond the monthly payment, you can see the total interest you will pay over the life of the loan and the total of all payments combined, which makes it easy to compare two loan offers side by side. Because early EMIs are mostly interest and later ones are mostly principal, the calculator is also useful for understanding how much you would save by prepaying. Everything runs in your browser, so the numbers you enter are never sent anywhere.
Calculate loan EMI, total interest, and payment breakdown for any principal, rate, and tenure.
Estimates use a fixed reducing-balance interest model. Actual EMIs may vary with processing fees, compounding method, and lender terms.
