Calculators & Converters
EMI / Loan Calculator
The EMI / Loan Calculator works out your Equated Monthly Installment — the fixed monthly payment on a loan — along with the total interest you'll pay and the total repayment amount over the loan's tenure. Enter the loan amount, annual interest rate and tenure, and every figure updates instantly.
It's useful for comparing home loan, car loan or personal loan offers before you commit, for checking whether a monthly payment fits your budget, or for seeing how much interest a shorter versus longer tenure actually costs you.
How to Use the EMI / Loan Calculator
- Open the EMI / Loan Calculator (button below).
- Enter the loan amount, annual interest rate and loan tenure.
- Read your monthly EMI, total interest payable, and total repayment amount, calculated instantly.
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Frequently Asked Questions
How is EMI calculated?
The tool uses the standard reducing-balance EMI formula based on principal, monthly interest rate, and number of months — the same formula banks and lenders use.
Can I use this for a home loan and a personal loan?
Yes — the calculation works the same way for any fixed-rate installment loan: home, car, personal, or education loans.
Is this financial advice?
No — this tool gives you a standard mathematical estimate only. Actual EMI can vary slightly by lender due to processing fees or rounding conventions, so always confirm the final figure with your bank. See our full disclaimer on the Disclaimer page.