EMI Calculator — Loan EMI Calculator
Calculate your Equated Monthly Installment (EMI) for any loan. Enter loan amount, interest rate, and tenure to get exact EMI, total payment, and interest breakdown.
🏦
EMI Calculator
FinanceFree · No signup
Monthly EMI
₹12,399
Principal Amount
₹10,00,000
Total Interest
₹4,87,828
Total Amount Payable
₹14,87,828
Principal (67.2%)Interest (32.8%)
💡 Enter loan amount, interest rate, and tenure to calculate your monthly EMI.
Guide
How to Use EMI Calculator
Enter Loan Amount
Input the total loan amount you wish to borrow.
Enter Interest Rate
Enter the annual interest rate offered by your bank (e.g., 8.5%).
Select Tenure
Choose the loan repayment period in months or years.
View EMI & Breakdown
See your monthly EMI, total interest, total payment, and pie chart breakdown.
Frequently Asked Questions
EMI (Equated Monthly Installment) is a fixed payment made by a borrower to a lender on a specified date every month. It includes both principal repayment and interest.
EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P = Principal, r = monthly interest rate (annual rate/12/100), n = number of months.
Financial advisors recommend keeping total EMIs below 40-50% of your monthly take-home salary to maintain financial health.
Yes. Prepaying reduces your outstanding principal, which can either reduce your EMI amount or shorten your loan tenure, saving significant interest.
Flat rate charges interest on the full principal throughout the tenure. Reducing balance rate charges interest only on the outstanding principal, making it cheaper.