Calculate your loan EMI, total interest payable, and view detailed payment breakdown
Use the slider to set your desired loan amount.
Input the annual interest rate offered by your bank.
Select the number of years you want to repay the loan.
See exactly how much of your payment goes towards interest vs principal with our interactive chart.
Calculations happen in real-time as you adjust the sliders, helping you plan better.
Plan your finances on the go with our fully responsive calculator design.
EMI stands for Equated Monthly Installment. It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
EMI is calculated using the formula: P * r * (1 + r)^n / ((1 + r)^n - 1), where P is Principal, r is monthly interest rate, and n is tenure in months.
Yes, this calculator works for Home Loans, Car Loans, Personal Loans, and any other loan that follows a standard reducing balance method.
Yes, the calculator provides an accurate breakdown of principal and interest components based on the inputs provided.
Yes, the EMI Calculator is completely free to use for unlimited calculations.