EMI Calculator

About this tool

The EMI Calculator works out the monthly instalment, total interest and total repayment for a loan from the amount, annual interest rate and tenure.

How to use it

1. Enter the loan amount.
2. Enter the annual interest rate.
3. Enter the tenure in months or years.
4. Read your monthly EMI, total interest and total payment.

Tips and limits

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 months. A longer tenure lowers the EMI but increases the total interest. Your lender's figure may differ slightly because of processing fees, rounding and rate changes.

Frequently asked questions

Is this exact for my loan?

It is an estimate. Fees, insurance and floating rates can change the real amount.

Does a longer tenure save money?

It lowers the monthly payment but usually raises the total interest paid.

Is my data stored?

No. Everything runs in your browser.