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Calculate loan EMI, total interest and payment schedule.
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EMI Calculator works out the monthly instalment (EMI) for a home, car or personal loan from the loan amount, interest rate and tenure. It shows the total interest and total amount paid, and lets you test a higher monthly budget to see how much interest and time an extra payment saves. Results update instantly as you change the numbers.
Open EMI Calculator
Launch EMI Calculator directly in your browser — there is nothing to download, install, or configure first.
Enter your values
Type your numbers or details into EMI Calculator — fields update as you go.
Read your result instantly
EMI Calculator recalculates the moment you change an input, so there is no button to press and no waiting.
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of monthly instalments.
Enter a monthly budget above the standard EMI and the calculator shows the interest saved and how many months sooner the loan is repaid.
It uses the standard reducing-balance formula. Your bank’s figure can differ slightly because of fees, rounding or insurance.
Yes. EMI Calculator is completely free, with no account, no paywall, and no usage limits.
No. EMI Calculator works instantly in any modern web browser — there is no software to install, no extension, and no sign-up.