This is an estimate. Your bank may charge processing fees and may round amounts differently.
How to Calculate Your EMI
EMI is the fixed amount you pay every month to repay a loan with interest.
- Enter the loan amount or move the slider
- Enter the yearly interest rate
- Choose the loan period in years or months
- See the EMI, total interest and total payment at once
- Open the monthly or yearly table, or save it as a CSV file
Everything happens inside your browser, so your document is never uploaded.
Why Use This Tool?
Before taking a loan, you should know how much you will really pay. The interest over many years can be a big part of the total.
Try different amounts, rates and periods and choose the loan that fits your monthly budget.
Features
- Monthly EMI, total interest and total payment
- Principal and interest split bar
- Month-by-month and year-by-year tables
- Amounts in Indian number style (lakh, crore)
- Works for home, car, personal and education loans
- Save the schedule as a CSV file for Excel
- Optional first EMI month to show real month names
Frequently Asked Questions
How is EMI calculated?
EMI = P x r x (1+r)^n / ((1+r)^n - 1). P is the loan amount, r is the monthly rate (yearly rate divided by 12 and 100) and n is the number of months.
Is the result the same as my bank?
It is very close. Banks may round off differently, charge processing fees or change the rate later, so small differences are normal.
Does it work for a 0% loan?
Yes. The loan amount is divided equally over all months.
What is in the schedule?
For each month: the EMI, how much goes to principal, how much goes to interest and the balance left.
Is my data saved?
No. Nothing is uploaded. Everything is calculated in your browser.
Is it free?
Yes, completely free.
About This Tool
A simple loan calculator for everyone who wants to plan a loan before going to the bank.
It works in your browser and does not store your numbers.