EMI Calculator
Calculate the EMI (equated monthly instalment) for a home, car or personal loan, with the total interest and a month-by-month repayment schedule.
This tool runs entirely in your browser.
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How to use the EMI Calculator
- 1Enter the principal, interest rate per year and tenure in months.
- 2Read the EMI, total interest and total payment.
- 3Scroll through the monthly schedule.
What is the EMI Calculator?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), with r the monthly interest rate and n the tenure in months. The EMI stays constant while the split between principal and interest shifts each month.
Frequently asked questions
How can I reduce my EMI?
A longer tenure lowers the EMI but increases total interest; a larger down payment or lower rate reduces both.
Is the EMI Calculator free and private?
Yes. The EMI Calculator is free, needs no account, and runs entirely in your browser. What you type is never sent to a server or stored.
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