📊 EMI Calculator

Plan your loan EMI with interest rate & tenure. Get instant monthly payments, total interest, and a full amortization schedule.

Loan Details
₹
₹5,00,000
8.5%
60 mo
Payment Summary
Monthly EMI
₹ 10,254
Total Interest
₹ 1,15,240
Total Payment
₹ 6,15,240
Loan: ₹5,00,000 Rate: 8.5% Tenure: 60 mo
Amortization Schedule scroll
# EMI Principal Interest Balance
How to Use the EMI Calculator
1
Enter Loan Amount – Type or slide the range to set the total loan amount (₹1,000 to ₹10,00,00,000).
2
Set Interest Rate – Adjust the annual interest rate (0.1% – 30%) using the input or slider.
3
Choose Tenure – Select the loan period in months (1–480 months). The slider helps you quickly find the right duration.
4
Click “Calculate EMI” – Instantly see your monthly EMI, total interest, and total payment. The amortization table shows the full repayment breakdown month by month.
5
Reset – Use the reset button to restore default values (₹5,00,000 / 8.5% / 60 months).

Tip: The amortization schedule updates automatically after each calculation. Scroll inside the table to view all months.

Frequently Asked Questions
What is EMI and how is it calculated?
EMI stands for Equated Monthly Installment. It is the fixed monthly payment you make to repay a loan. The formula used is:

EMI = P × r × (1 + r)n / ((1 + r)n – 1)
where P = loan amount, r = monthly interest rate (annual rate / 12), and n = number of monthly installments.
Can I use this calculator for any type of loan?
Yes! This EMI calculator works for home loans, car loans, personal loans, education loans, and any other fixed-rate loan. Just enter the principal, rate, and tenure.
What is the amortization schedule?
The amortization schedule shows a month-by-month breakdown of each EMI payment. It tells you how much of each payment goes toward principal and how much goes toward interest, along with the remaining loan balance.
Is the interest rate compounded monthly?
Yes, the standard EMI formula uses monthly compounding. The annual rate is divided by 12 to get the monthly rate, and the interest is calculated on the reducing balance each month.
Can I change the values after calculating?
Absolutely. You can adjust any input (amount, rate, tenure) at any time. The results update when you click “Calculate EMI” again.

Terms of Service

Last updated: July 30, 2026

1. Acceptance of Terms

By using the EMI Calculator (“the Tool”), you agree to these Terms of Service. If you do not agree, please refrain from using the Tool.

2. Use of the Tool

This Tool is provided for informational and planning purposes only. All calculations are estimates and should not be considered financial advice. Actual loan terms may vary based on lender policies, fees, and other factors.

3. No Warranty

The Tool is provided “as is” without any warranties, express or implied. We do not guarantee the accuracy, completeness, or reliability of any results. You are solely responsible for verifying any information before making financial decisions.

4. Limitation of Liability

In no event shall the owners, developers, or affiliates be liable for any direct, indirect, incidental, or consequential damages arising from the use or inability to use the Tool.

5. Changes to Terms

We reserve the right to update these Terms at any time. Continued use of the Tool constitutes acceptance of the revised Terms.

6. Contact

If you have any questions about these Terms, please reach out via the contact information provided on our main website.

Privacy Policy

Last updated: July 30, 2026

Information We Collect

This EMI Calculator does not collect, store, or transmit any personal data. All calculations are performed locally in your browser. No information is sent to any server.

Cookies & Local Storage

We do not use cookies or local storage to track your activity. The tool does not save any data between sessions.

Third-Party Services

We do not integrate with any third-party analytics, advertising, or tracking services on this page. Fonts and icons are loaded from CDN services (Google Fonts, Font Awesome) which may collect anonymized usage data according to their own policies.

Your Privacy Rights

Since no data is collected, there is no personal information to access, modify, or delete. You can use the Tool with complete privacy.

Changes to This Policy

We may update this Privacy Policy occasionally. Any changes will be reflected on this page. We encourage you to review it periodically.

Contact

If you have privacy-related questions, please contact us through the main website.