EMI Calculator

The EMI calculator helps to determine the Equated Monthly Installment (EMI) for your home, car, or personal loan in India.

₹
%
Loan EMI:  
Principal Amount:
Total Interest:
Total Amount Payable:

About EMI Calculator

Welcome to our EMI Calculator. It's a free tool where you can compute the monthly EMI and total payable amount including interest for home, car, or personal loan. Also, it provides the monthly amortization schedule for loan repayment.

EMI Calculator - Calculate EMI for Home, Car, Personal Loan

How to Use the EMI Calculator?

Our tool is very easy to use and gives fast and 100% accurate results. Just follow the simple steps below:

  1. Firstly, enter the principal or loan amount in rupees.
  2. After that, enter the rate of interest per annum in percentage.
  3. Now input the loan tenure or term in months or years.
  4. Lastly, press the "Calculate" button. That's all.
  5. As a result, our system displays the Loan EMI result with a full summary including total interest and total payable amount (principal + interest).
  6. In addition, you can press the "View Amortization Schedule" button to see the monthly amortization report with all the required details.

EMI Formula

E =  P × r × 
(1 + r)n
(1 + r)n - 1

Where,
E = EMI
P = Loan/Principal amount
r = Monthly interest rate(%)
n = Loan tenure(in months)