Loans / CALCULATOR
EMI Calculator
Calculate EMI, interest, repayment schedule and loan scenarios.
Compare with a different repayment type
Same loan amount, rate and tenure — see it as a different repayment structure.
How this works
EMI = P × r × (1+r)ⁿ ÷ [(1+r)ⁿ − 1]
P = loan amount, r = monthly interest rate (annual rate ÷ 12 ÷ 100), n = tenure in months. Each month, interest is charged on the outstanding balance; the rest of the EMI reduces the principal, which is why the interest share of every EMI shrinks over time (see the amortization schedule below).
Amounts are rounded for display; calculations use full precision. This utility is for planning and is not financial advice.