EMI Calculator

Trusted Personal Finance Calculator

Big dreams—like a new home, a car, or funding your education—often come with a big decision: taking out a loan. The most important question is, “How much will I have to pay each month?” This monthly payment is your Equated Monthly Installment (EMI), and understanding it is the key to smart borrowing.
Our EMI Calculator is a simple yet powerful tool that helps you see the future. It instantly calculates your monthly loan payment, so you can plan your budget, compare different loan offers, and make financial decisions with complete confidence.

FAQs

EMI stands for Equated Monthly Installment. It’s the fixed amount you pay to your lender every month until your loan is fully repaid. It includes both a principal and an interest component.

A longer tenure results in a lower monthly EMI, making payments more manageable. However, you’ll end up paying more in total interest over the life of the loan. A shorter tenure means higher EMIs but less total interest paid.

Your EMI is determined by three main factors: the principal loan amount (how much you borrow), the interest rate, and the loan tenure (the repayment period).

Yes, absolutely. While this is a personal loan EMI calculator, the formula is the same for other loans like home loans or car loans. You can use it to get an estimate for any type of loan by entering the correct details.

More Questions?

How Does the EMI Calculator Work?
It’s as easy as 1-2-3:
Loan Amount: Enter the total amount you want to borrow.
Interest Rate: Input the annual interest rate offered by the bank.
Loan Tenure: Set the repayment period in years or months.
Click “Calculate,” and you’ll instantly see your monthly EMI. You can adjust the sliders to see how a longer tenure reduces your EMI or how a lower interest rate can save you money.

Why Use Our EMI Calculator?
Plan Your Budget: Know your exact monthly outflow before you even apply for a loan, ensuring it fits comfortably within your budget.
Compare with Ease: Quickly compare loan offers from different lenders to find the most affordable option.
Make Smart Choices: Understand how the loan amount, interest rate, and tenure affect your payments, empowering you to choose the right loan terms.
Avoid Surprises: Get a clear picture of your financial commitment and avoid any unexpected financial strain down the road.