EMI Calculator
Calculate your monthly loan EMI, total interest, and total payment.
How this works
EMI = P × r × (1+r)n / ((1+r)n − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly installments. This is a standard reducing-balance EMI formula — enter your loan's actual rate and tenure for an accurate figure; your lender's exact EMI may differ slightly due to processing fees or rounding conventions.
Frequently asked questions
Does this include processing fees?
No. This calculates pure principal-and-interest EMI using the reducing-balance formula. Lenders often add a one-time processing fee, which isn't reflected here.
What if my rate changes during the loan (floating rate)?
This assumes a fixed rate for the full tenure. For a floating-rate loan, re-run the calculator with the new rate whenever it changes to see the updated EMI.