EMI Calculator
Enter your loan amount, interest rate and tenure to instantly see your monthly EMI, total interest payable and the full repayment breakdown. Everything is computed locally in your browser.
How to use the EMI Calculator
Enter the loan amount you want to borrow, in rupees.
Type the annual interest rate offered by your bank or lender.
Choose the tenure in years or months and press Calculate EMI.
Read your monthly EMI, total interest and see the principal vs interest split.
Frequently asked questions
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month towards repaying a loan. It covers both principal and interest, and stays constant through the tenure for fixed-rate loans.
How is EMI calculated?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of months.
Is my data safe?
Yes. All calculations happen inside your browser — no loan details are sent to any server.