Home › EMI Calculator
🧮 Free Calculator · India
EMI Calculator India 2025
Calculate monthly EMI, total interest and full repayment schedule for any loan. Home loan, car loan, personal loan or education loan.
Loan Details
₹5L
8.5% · 5yr
₹10L
9% · 10yr
₹30L
8.5% · 20yr
₹50L
8.5% · 20yr
Car
10.5% · 5yr
Personal
12% · 3yr
🏦
Enter loan details to calculate EMI
How is EMI Calculated?
EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1) where P is the principal, r is monthly interest rate, and n is number of months.
Tips for Managing Your EMI
Keep EMI below 40% of income: Financial experts recommend that total monthly EMI payments should not exceed 40–50% of take-home salary.
Make prepayments when possible: Even small prepayments significantly reduce total interest. A windfall applied early in the loan tenure saves the most.
What is EMI? ▼
EMI (Equated Monthly Instalment) is the fixed amount you pay to the bank every month. It includes both principal repayment and interest component.
Does a longer tenure mean lower EMI? ▼
Yes — a longer tenure lowers your monthly EMI but increases total interest paid. Choose the shortest tenure you can comfortably afford.