Loan / EMI Calculator
Calculate monthly payments, total interest, and see a visual breakdown for any loan amount and term.
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Everything you need to know
What's an EMI?
EMI = Equated Monthly Installment. It's the fixed amount you pay every month to clear a loan. Plug in how much you're borrowing, the interest rate, and how long you want to repay — and boom, you'll see exactly what your monthly payment looks like, plus the total interest you'd end up paying.
The Math Behind It
We use the standard amortization formula: EMI = P × r × (1+r)^n / ((1+r)^n – 1). Sounds scary, but that's why you have this calculator — it does the heavy lifting. You also get a full breakdown showing how much goes toward principal vs. interest each month.
Some Quick Tips
- Shorter loan = higher payments but way less interest overall. Worth considering if you can afford it.
- Even dropping the rate by 0.5% can save you a surprising amount over time.
- Play around with different amounts and terms before committing to anything.
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See how your savings grow with the Compound Interest Calculator, plan monthly investments with the SIP Calculator, or check your pay breakdown with the Salary Calculator.