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EMI Calculator
EMI — equated monthly instalment — is the fixed amount you pay every month on a loan. Enter the loan amount, annual interest rate and tenure and this calculator gives the exact EMI, the total interest and the total amount you will repay, plus a year-by-year balance summary.
Use the tool
How to use the EMI Calculator
- Enter the loan amount, annual interest rate and tenure in months.
- Adjust any optional settings to match your page, business or campaign.
- Click the button to generate your result instantly — nothing is uploaded; the tool runs in your browser.
- Copy the result, or download it as a file where that option appears, and paste it into your site, document or campaign.
Frequently asked questions
What is the EMI formula?
EMI = P × r(1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r the monthly interest rate and n the number of monthly payments.
Why is early EMI mostly interest?
Because interest is charged on the outstanding balance, which is largest at the start. As the balance falls, more of each EMI goes to principal.
Flat rate or reducing balance?
This calculator uses the reducing-balance method, which is how banks and most lenders actually charge. Flat-rate quotes look cheaper than they are — always compare on EMI.
Can I check a part-prepayment?
Re-run the calculator with the reduced principal and remaining tenure to see the new EMI or the shorter term.