Loan EMI Calculator

Calculate your estimated monthly loan payment (EMI), total interest and total repayment. Use it for a personal loan, car loan, home loan or another loan that uses fixed monthly instalments and a reducing balance.

Monthly EMI₹—
Total interest₹—
Total repayment₹—

Change the inputs and select Calculate EMI.

Monthly payment schedule

The table shows the first 12 months and the final month. Amounts are rounded to the nearest rupee.

MonthOpening balanceEMIInterestPrincipalClosing balance

How to use a loan EMI calculator

Enter the loan principal, annual interest rate and repayment tenure. The calculator converts the annual rate to a monthly rate and estimates a fixed monthly instalment. A higher rate or larger loan amount usually increases the EMI. A longer tenure usually lowers the EMI but can increase the total interest paid.

Loan payment and interest formula

For a reducing-balance loan, EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is principal, r is the monthly interest rate and n is the total number of monthly payments. At a zero interest rate, EMI is principal divided by the number of payments.

Frequently asked questions

Is this a loan payment calculator?

Yes. It estimates the monthly payment for a fixed-rate loan repaid in equal monthly instalments.

Can I use it for a home loan or car loan?

Yes, for a basic fixed-rate EMI estimate. Use the specialist home loan EMI calculator or car loan EMI calculator for related repayment features.

Does the result include all bank charges?

No. Processing fees, insurance, taxes, rate resets and lender-specific charges are not included unless reflected in the inputs.

How is a monthly payment different from total repayment?

Monthly payment is the instalment due each month. Total repayment is the sum of all instalments over the loan term; it includes principal and estimated interest.

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This calculator is for educational estimates only and is not a loan offer or financial advice. Confirm final terms with your lender.