Calculate EMI for home, car, or personal loans, including total interest and processing cost
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Computed in your browser from the same formulas the full app uses — it is not saved and does not factor in every detail (taxes, exact compounding dates, fees) the way a saved scenario does. Sign in to save, share, or view history →
EMI uses the standard reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly instalments.
EMI (Equated Monthly Instalment) is the fixed amount you repay every month on a loan, covering both principal and interest, until the loan is fully repaid.
EMI uses the reducing-balance formula EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of months.
Yes — a longer tenure lowers the monthly EMI but increases the total interest paid over the life of the loan. Use the amortization schedule to compare.
Yes. Use the Prepayment Calculator to see how a lump-sum or extra payment reduces your outstanding interest, either by shortening the tenure or lowering the EMI.
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