Calculate EMI for home, car, and personal loans with prepayment planning, extra monthly contributions, balloon payments, full amortization schedule, and visual charts.
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Calculate monthly loan payments and compare repayment scenarios.
An EMI calculator estimates the monthly payment for an amortizing loan from the principal, interest rate, and repayment tenure. Use this general calculator when you want to compare loan scenarios, then choose a dedicated calculator when you know the loan type.
You can compare rates and tenures, review total interest, inspect repayment schedules, and model additional payments. Results are estimates based on your inputs and can differ from a lender's final schedule because fees, insurance, taxes, rate changes, rounding, and lender-specific rules may apply.
Choose the calculator that matches the loan you are planning.
Calculate housing-loan EMI and compare prepayment, interest, and tenure scenarios.
Estimate vehicle-loan EMI and compare tenure, interest, and extra-payment scenarios.
Calculate unsecured-loan EMI and understand how rate and tenure affect total repayment.
The standard reducing-balance formula for an amortizing 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 number of monthly payments.
Because interest is charged on the outstanding balance, the interest portion is generally higher earlier in the schedule while the principal portion increases later. A lower rate or shorter tenure can reduce total interest, although a shorter tenure normally increases the monthly EMI.
Common questions before calculating a loan payment.
EMI means Equated Monthly Instalment. It is the scheduled monthly payment used to repay principal and interest over the loan tenure.
No. A longer tenure usually lowers the monthly EMI but increases total interest because the balance remains outstanding for longer.
Yes, when the calculator supports prepayments or extra monthly payments. You can compare the original schedule with a faster repayment scenario.
Not necessarily. Lender fees, insurance, taxes, rate changes, rounding, and repayment rules can change the final schedule.