An EMI (Equated Monthly Instalment) calculator helps you plan your loan repayment by calculating the fixed monthly amount you need to pay your lender. Whether you are planning a home loan, car loan, or personal loan, knowing your EMI in advance helps you budget effectively. Our free EMI calculator uses the standard formula approved by Indian banks and RBI guidelines. Simply enter your loan amount, interest rate, and tenure to instantly see your monthly EMI, total interest payable, and complete amortization schedule. Use this tool to compare different loan offers and choose the most affordable option for your financial situation.
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₹21,696
Monthly EMI
Principal Amount
₹25,00,000
Total Interest
₹27,06,939
Total Payment
₹52,06,939
Interest Rate
8.5%
| Year | Principal | Interest | Total | Balance |
|---|---|---|---|---|
| Yr 1 | ₹49,755 | ₹2,10,591 | ₹2,60,352 | ₹24,50,244 |
| Yr 2 | ₹54,153 | ₹2,06,194 | ₹2,60,352 | ₹23,96,091 |
| Yr 3 | ₹58,942 | ₹2,01,407 | ₹2,60,352 | ₹23,37,150 |
| Yr 4 | ₹64,150 | ₹1,96,197 | ₹2,60,352 | ₹22,73,000 |
| Yr 5 | ₹69,820 | ₹1,90,525 | ₹2,60,352 | ₹22,03,180 |
Our EMI calculator is designed to be simple and instant. Follow these four steps to get your results in seconds:
Enter the loan amount
Type in the total amount you wish to borrow. For a home loan this is usually the property price minus your down payment. For a car loan, it is the on-road price minus the initial payment you plan to make. You can enter any amount from ₹10,000 to several crores.
Enter the annual interest rate
Enter the interest rate your bank or lender has quoted, expressed as a percentage per annum. For example, if your bank offers a home loan at 8.5% per annum, enter 8.5. The calculator automatically converts this to a monthly rate for the EMI formula.
Set the loan tenure
Choose the repayment period in years. Home loans typically run from 5 to 30 years, car loans from 1 to 7 years, and personal loans from 1 to 5 years. A longer tenure lowers the monthly EMI but increases the total interest you pay — use the amortization schedule below the result to see the full impact.
Read your results
The calculator instantly shows your monthly EMI, total amount payable over the loan period, and total interest cost. Scroll down to see the full amortization table — a month-by-month breakdown of how much of each EMI goes towards principal and how much goes towards interest. Try adjusting the inputs to compare different scenarios before finalising your loan.
Our calculator works for all types of loans. Here are typical parameters for the most common loan categories in India:
Lowest rates available. Interest qualifies for deduction under Section 24(b) up to ₹2 lakh per year.
New car loans attract lower rates than used car loans. Down payment is typically 10–20% of on-road price.
No collateral required. Rates vary significantly by lender and credit score. Compare offers before accepting.
Moratorium period during course + 1 year. Interest paid during study qualifies for Section 80E deduction.
Rates vary by manufacturer tie-ups. Zero-cost EMI schemes from dealers often hide processing fees.