Loan EMI calculator
Estimate your monthly EMI, total interest payable and repayment schedule for home, personal, car, business or education loans. Adjust the sliders and see the numbers move in real time.
- Principal
- ₹ 25,00,000
- Total interest
- ₹ 27,06,939
- Total payable
- ₹ 52,06,939
- Interest share
- 52 %
How EMI is calculated
The equated monthly instalment is the fixed amount you pay every month to the lender, covering both principal and interest. The formula used here is the standard reducing balance method used by every bank and NBFC in India.
- P — the loan principal.
- r — monthly interest rate (annual rate ÷ 12 ÷ 100).
- n — total number of monthly instalments.
Frequently asked questions
Does this calculator include processing fees or GST?+
No. The EMI shown covers only principal and interest. Processing fees, stamp duty and insurance premiums are one-time costs quoted separately at sanction.
Can I use this for home, car and business loans?+
Yes. The formula is the same across loan types. Only the typical rate and tenure ranges differ, which are covered by the sliders.
Will my actual EMI match this number?+
Almost exactly, subject to the final sanctioned rate. Floating-rate loans reset with the repo rate, so your EMI or tenure can change over time.