Money
EMI Calculator
Monthly EMI, total interest and total payment for any loan.
Result
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Fill in the form to see your answer here.
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About this tool
Enter the loan amount, annual interest rate, and tenure to get your monthly EMI, along with the total interest and total amount you'll pay over the loan.
Frequently asked questions
What formula does this EMI calculator use?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the principal, r is the monthly interest rate, and n is the number of monthly instalments.
Does this work for home, car and personal loans?
Yes — the formula is the same for any reducing-balance loan. Just enter the correct principal, rate and tenure for your loan type.
Is the result exact?
It's a close estimate using the standard EMI formula. Your lender's exact figure may vary slightly due to processing fees or rounding rules.
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