EMI Calculator

An equated monthly instalment is a scheduled loan payment containing principal and interest. This calculator estimates monthly payments using a reducing-balance model.

Enter the principal, annual interest rate and number of months. Interest is calculated on the outstanding balance and the rest of each payment repays principal.

EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is principal, r is the monthly rate and n is the number of payments. At 0% interest, EMI is P ÷ n.

Interest is based on outstanding principal. As the balance falls, the interest portion generally falls and the principal portion rises for a fixed-rate loan.

EMI is one monthly instalment. Total interest is the sum of all interest portions across the repayment schedule.

For the same principal and positive interest rate, spreading repayment over more months generally lowers the monthly EMI.

With the same principal and positive fixed rate, a longer term generally increases total interest. Compare both the monthly payment and lifetime cost.

A part-payment reduces outstanding principal. Depending on the lender’s terms, it may shorten the term or reduce subsequent EMIs. Our simulator shows both estimates.

The trade-off depends on your circumstances and lender rules. Compare the payment, interest and timeline for both strategies; this calculator does not recommend one.

Yes. Choose the home-loan starting example, then enter your own amount, rate and term. The example rate is not a lender offer.

Yes, for a standard monthly reducing-balance loan. Enter the actual financed amount and rate; balloon payments or lender-specific structures are not modeled.

Yes. The personal-loan option is an editable starting example, not a quote, eligibility check or loan offer.

Yes, for the repayment phase of a standard monthly reducing-balance loan. Moratorium periods, subsidies and capitalized interest are not automatically included.

Yes. Amounts are shown in INR with Indian lakh/crore grouping. No foreign-exchange conversion is performed.

It lists each payment’s principal and interest portions and the remaining balance. Yearly totals can be expanded into individual months.

A rate reset can change EMI, tenure or both. The scenario tool holds one constant to illustrate the other; actual treatment follows your lender’s terms and applicable rules.

A lender may charge a percentage or fixed fee for processing a loan. Enter the applicable fee and tax assumptions from the actual lender documents.

Not in this calculator. Entered fees, assumed GST on the processing fee, other charges and insurance are treated as upfront costs, separate from loan repayments.

Yes. Download the selected schedule as a CSV created locally in your browser, or print it. No upload is needed.

Loan inputs and calculations stay in this browser tab. They are not added to the URL or saved as history. Copying a summary, downloading a CSV or printing happens only when you choose it.