Advanced EMI Calculator

Plan your financial future with precision. Calculate EMIs for Home, Car, and Personal Loans instantly.

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%
Years
Your Monthly EMI
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Payable every month
Principal Amount ₹0
Total Interest ₹0
Total Payable ₹0

Breakdown: Principal vs Interest

How It Works

Calculate your EMI in 3 simple steps

1. Enter Amount

Input the total loan amount you wish to borrow.

2. Set Rate & Tenure

Enter the interest rate and loan duration (years).

3. Get Result

View your monthly EMI and total interest cost instantly.

Master Your Loans with Smart EMI Planning

In today's dynamic economic landscape, loans act as a bridge between your current financial status and your future aspirations. Whether it is purchasing your dream home, driving a new car, or funding higher education, credit facilities make these goals attainable. However, taking a loan is a significant financial responsibility. The cornerstone of managing this responsibility is understanding the Equated Monthly Installment (EMI).

EMI Calculation Chart

What is an EMI?

EMI stands for Equated Monthly Installment. It is a fixed monthly payment made by a borrower to a lender at a specific date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.

Components of EMI
  • Principal Component: Reduces the original loan balance.
  • Interest Component: The cost of borrowing money.

Factors Affecting Your EMI

Pro Tip

Avoid choosing the longest possible tenure just to get the lowest EMI. Always calculate the total interest cost using our tool.

Frequently Asked Questions

You will be charged a penalty, and your credit score (CIBIL) will drop significantly.

Yes, most banks allow part-payment or foreclosure. This reduces your principal and total interest.

Fixed rates stay same. Floating rates change with RBI repo rates. Floating is usually cheaper for long loans.

Generally, no. It covers administrative costs for loan evaluation.

A holiday period where you don't pay EMI (e.g., education loans). Interest still accumulates.

Yes. Longer tenure = Lower EMI but Higher Total Interest. Shorter tenure = Higher EMI but Lower Interest.

Yes, by submitting a request to your bank to align it with your salary date.

Home loans offer tax benefits under Sec 80C (Principal) and Sec 24b (Interest). Personal loans usually don't.

A person joining the loan with you. It increases loan eligibility and shares repayment responsibility.

If investment returns > loan interest rate, invest. Otherwise, prepay the loan to save interest.