EMI Calculator — Home, Car & Personal Loan
Calculate the monthly EMI on any loan — home, car or personal — with this free EMI calculator. Enter the loan amount, annual interest rate and tenure to instantly see your EMI, the total interest you'll pay, and the total amount repayable.
EMI is calculated on a reducing-balance basis. A longer tenure lowers your monthly EMI but increases the total interest you pay over the life of the loan.
Monthly EMI
₹26,035
Indicative EMI using the standard reducing-balance formula. Your bank’s actual EMI may differ slightly due to processing fees, insurance, or the exact day-count method.
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Analyze my statement freeFrequently asked questions
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments. This calculator does it for you automatically.
Does a longer tenure reduce my EMI?
Yes — a longer tenure lowers your monthly EMI, but you end up paying more total interest. A shorter tenure means a higher EMI but lower total interest. Try different tenures above to compare.
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