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EMI Calculator

Work out your Equated Monthly Installment for home, car or personal loans. Enter the loan amount, annual interest rate and tenure, the math runs instantly in your browser.

Principal you borrow, in rupees.

Annual interest rate. 0% is allowed for interest-free loans.

Loan tenure in months.

Monthly EMI₹1,239.86
Total Payment₹1,48,782.83
Total Interest₹48,782.83

Based on a fixed interest rate with equal monthly payments for 120 months at 8.5% per year.

HOW TO USE

  1. 1Enter the loan amount in rupees.
  2. 2Enter the annual interest rate and the tenure in months.
  3. 3Monthly EMI, total payment and total interest update instantly.
  4. 4Try it for home, car or personal loan comparisons.

EXAMPLE

INPUT

Loan: ₹1,00,000 · Rate: 8.5% · Tenure: 120 months

OUTPUT

Monthly EMI: ₹1,240
Total payment: ₹1,48,835
Total interest: ₹48,835

FAQ

What is EMI?
EMI (Equated Monthly Installment) is the fixed monthly amount you pay to repay a loan. Each installment covers both principal and interest.
What formula is used?
The standard reducing-balance EMI formula with a fixed annual interest rate converted to a monthly rate.
Can the interest rate be zero?
Yes. A 0% rate gives an equal EMI with no interest, useful for interest-free schemes.
Is my loan data sent anywhere?
No. All calculations run in your browser.

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