Does this include processing fees or insurance?

No — this calculates the standard reducing-balance EMI on principal and interest only. Add any fees separately for a full cost picture.

EMI Calculator

Calculate your monthly loan EMI, total interest and repayment schedule.

Calculated locally in your browser. Nothing you enter is uploaded or stored.

Loan amount

₹

Interest rate

% p.a.

Loan tenure

years

Monthly EMI

₹8,678.23

Principal amount₹1,000,000

Total interest₹1,082,776

Total payment₹2,082,776

Principal

Interest

Y10

Y11

Y12

Y13

Y14

Y15

Y16

Y17

Y18

Y19

Y20

Overview

The EMI (Equated Monthly Installment) calculator works out the fixed monthly payment for a loan, given its principal, interest rate and tenure — plus how much of that payment is interest versus principal over time.

How to use it

1Enter the loan amount (principal).
2Enter the annual interest rate.
3Enter the loan tenure in years or months.
4The EMI, total interest and total payment are calculated instantly, along with a year-by-year breakdown.

Formula

EMI

EMI = P × r × (1 + r)^n / ((1 + r)^n − 1)

P = principal, r = monthly interest rate (annual rate ÷ 12 ÷ 100), n = number of monthly installments.

Examples

₹10,00,000 at 8.5% for 20 years

Monthly EMI ≈ ₹8,678; total interest ≈ ₹10,82,758 over the loan term.

Tips

This calculator provides an estimate for planning purposes only and is not financial advice.
A longer tenure lowers your EMI but increases total interest paid — compare tenures side by side before deciding.

Frequently asked questions

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