EMI Calculator
Find your monthly instalment from the loan amount, interest rate and tenure, and see how much goes to interest.
Use the tool
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How to use it
- Enter the loan amount, the annual interest rate and the tenure.
- Choose whether the tenure is in years or months.
- Read the EMI, total interest and total payment, then scroll the yearly table.
Tips for best results
- A longer tenure lowers the EMI but increases the total interest.
- Banks may add fees and use their own rounding, so treat this as an estimate and confirm with your lender.
Frequently asked questions
What formula is used?
EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is the loan, r the monthly rate and n the number of months.
Does it include processing fees?
No. It covers interest and principal only.