Finance ToolsFree43.0k uses this week

Loan EMI Calculator

Calculate monthly EMI payments for loans and mortgages.

Loan Amount (₹)

Annual Interest Rate (%)

Loan Tenure

Monthly EMI

₹10,258.27

₹5,00,000.00

Principal Amount

₹1,15,495.94

Total Interest

₹6,15,495.94

Total Payment

Principal 81.2%Interest 18.8%

How it works

Enter your loan amount, annual interest rate, and loan tenure (in months or years). The EMI calculator instantly shows your monthly EMI, total interest payable, and a full amortization schedule breaking down principal and interest for each month.

Why use this tool?

Used by home buyers, car loan applicants, and personal loan seekers to understand their monthly repayment obligations before signing any agreement. One of the most used free online loan EMI calculators in India.

Frequently Asked Questions

What is EMI?

EMI (Equated Monthly Instalment) is the fixed monthly amount you pay to repay a loan, comprising both principal and interest.

How is EMI calculated?

EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P is the principal, r is the monthly interest rate, and n is the number of months.

Does prepayment reduce EMI or tenure?

Most lenders offer both options. Reducing tenure saves more interest overall. This calculator shows the standard EMI without prepayment.

Is this free to use?

Yes, completely free with no sign-up. Results are instant and all calculations happen in your browser.

Rate this tool:

Was this tool helpful?

Back to all tools

People Also Used

SIP Calculator

Calculate the maturity value of your monthly SIP investments over time.

Compound Interest Calculator

See how your investments grow with the power of compounding.

Old vs New Tax Regime Calculator

Compare Old and New Income Tax Regime for FY 2025-26. See which regime saves you more tax with a detailed breakdown.

More Finance Tools Tools

Compound Interest Calculator

See how your investments grow with the power of compounding.

SIP Calculator

Calculate the maturity value of your monthly SIP investments over time.

Currency Converter

Convert amounts between 30+ world currencies using live exchange rates.