Easy EMI Calculator for Home loans, Personal Loans and Vehicle Loans.

Know your EMI, Loan amount, Tenure and Interest rates with our easy-to-use calculators
EMI
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Loan amount
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Tenure
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Interest Payable

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Total Payment

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Year Principal (A) Interest (B) Total Payment (A+B) Balance Loan Paid To Date (% of Loan)

What is EMI?

EMI stands for Equated Monthly Installment and represents the amount payable every month to the bank or any financial institution until your loan is fully paid off. It is usually calculated by adding the Principal amount (Loan amount borrowed) and the interest component and dividing by the borrowing tenure i.e. number of months.

The composition of an EMI can change from month to month. While the Principal repayment component of the EMI increases, the interest component decreases with the vintage of the loan.

The formula to calculate EMI:
E = P x r x ( 1 + r )n / ( ( 1 + r )n - 1 ) where E is EMI, P is Principal Loan Amount, r is monthly rate of interest (For eg. If rate of interest is 14% per annum, then r = 14/12/100=0.011667), n is loan duration in number of months.

For example, if you borrow ₹1,00,000 from the bank at 14% annual interest for a period of 3 years (i.e., 36 months), then EMI = ₹1,00,000 * 0.011667* (1 + 0.011667)36 / ((1 + 0.011667)36 - 1) = ₹3418.
This would mean that you shall be paying ₹3418 for 36 months to repay the loan completely. Your total repayment amount shall be ₹1,23,039 which includes principal of ₹1,00,000 and interest of ₹23,039.


How to Use EMI Calculator?

Our EMI calculator enables you to calculate your EMI for any loan tenure you seek. You shall not only be able to view the summary of the Loan through our charts, but also can view the breakup of each re-payment for any month or year. This calculator can be used for all types of Loans - home loan, car loan, personal loan, education loan.

Enter the following information in the EMI Calculator:

  • Principal loan amount you wish to avail (rupees)
  • Loan term (months or years)
  • Rate of interest (percentage)

What is EMI?

EMI stands for Equated Monthly Installment and represents the amount payable every month to the bank or any financial institution until your loan is fully paid off. It is usually calculated by adding the Principal amount (Loan amount borrowed) and the interest component and dividing by the borrowing tenure i.e. number of months.

The composition of an EMI can change from month to month. While the Principal repayment component of the EMI increases, the interest component decreases with the vintage of the loan.

The formula to calculate EMI:
E = P x r x ( 1 + r )n / ( ( 1 + r )n - 1 ) where E is EMI, P is Principal Loan Amount, r is monthly rate of interest (For eg. If rate of interest is 14% per annum, then r = 14/12/100=0.011667), n is loan duration in number of months.

For example, if you borrow ₹1,00,000 from the bank at 14% annual interest for a period of 3 years (i.e., 36 months), then EMI = ₹1,00,000 * 0.011667* (1 + 0.011667)36 / ((1 + 0.011667)36 - 1) = ₹3418.
This would mean that you shall be paying ₹3418 for 36 months to repay the loan completely. Your total repayment amount shall be ₹1,23,039 which includes principal of ₹1,00,000 and interest of ₹23,039.


How to Use Loan Amount Calculator?

Our Loan Amount calculator enables you to calculate Loan amount eligible once you share the EMI you can afford, Loan tenure and the annual Interest rate. You shall not only be able to view the summary of the Loan through our charts, but also can view the breakup of each re-payment for any month or year. This calculator can be used for all types of Loans - home loan, car loan, personal loan, education loan.

Enter the following information in the EMI Calculator:

  • EMI that you can afford in ₹
  • Annual Interest rate (percentage)
  • Loan tenure (in number of months)

What is EMI?

EMI stands for Equated Monthly Installment and represents the amount payable every month to the bank or any financial institution until your loan is fully paid off. It is usually calculated by adding the Principal amount (Loan amount borrowed) and the interest component and dividing by the borrowing tenure i.e. number of months.

The composition of an EMI can change from month to month. While the Principal repayment component of the EMI increases, the interest component decreases with the vintage of the loan.

The formula to calculate EMI:
E = P x r x ( 1 + r )n / ( ( 1 + r )n - 1 ) where E is EMI, P is Principal Loan Amount, r is monthly rate of interest (For eg. If rate of interest is 14% per annum, then r = 14/12/100=0.011667), n is loan duration in number of months.

For example, if you borrow ₹1,00,000 from the bank at 14% annual interest for a period of 3 years (i.e., 36 months), then EMI = ₹1,00,000 * 0.011667* (1 + 0.011667)36 / ((1 + 0.011667)36 - 1) = ₹3418.
This would mean that you shall be paying ₹3418 for 36 months to repay the loan completely. Your total repayment amount shall be ₹1,23,039 which includes principal of ₹1,00,000 and interest of ₹23,039.


How to Use Loan tenure Calculator?

Our Loan tenure calculator enables you to calculate loan tenure once you share the EMI you can afford, Loan amount and the annual Interest rate. You shall not only be able to view the summary of the Loan through our charts, but also can view the breakup of each re-payment for any month or year. This calculator can be used for all types of Loans - home loan, car loan, personal loan, education loan.

Enter the following information in the EMI Calculator:

  • Principal loan amount you wish to avail (rupees)
  • Annual Interest rate (percentage)
  • EMI that you can afford in ₹