EMI Calculator India 2025
Calculate monthly EMI, total interest and full repayment schedule for any loan — home, car, personal or education.
Calculate your monthly EMI, total interest, and total repayment for any loan — home loan, car loan, personal loan or education loan.
How EMI is Calculated
EMI = P × r × (1+r)^n / ((1+r)^n - 1) where P is the principal loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments.
Tips to Reduce Your EMI
Larger down payment: Reducing the loan amount directly reduces your EMI. A 20% down payment versus 10% can reduce EMI by 10%.
Longer tenure: Increasing tenure from 15 to 20 years reduces monthly EMI but increases total interest paid significantly.
Prepayments: Even small prepayments early in the loan tenure reduce total interest significantly.