Calculate your Equated Monthly Installment (EMI) for loans, mortgages, and other financial instruments. Get instant results with detailed payment breakdown.
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Calculate your Equated Monthly Installment (EMI) for various types of loans including home loans, car loans, personal loans, and more. Get instant results with detailed payment breakdown and total interest calculations.
Precise EMI calculations using standard financial formulas
View principal vs interest breakdown with visual charts
Pre-configured settings for different loan types
Instant calculations as you adjust loan parameters
Use the quick presets to get typical interest rates and terms for different loan types
P = Principal loan amount
R = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
N = Total number of monthly installments
For a loan of ₹10,00,000 at 9% annual interest for 10 years:
EMI stands for Equated Monthly Installment. It's a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
This calculator uses the standard EMI formula used by most financial institutions. Results are highly accurate for fixed-rate loans.
Yes, you can optionally include processing fees in the calculation. These are one-time charges that affect the total cost of the loan.
This calculator works for all fixed-rate loans including home loans, car loans, personal loans, and education loans.
Principal is the original loan amount, while interest is the cost of borrowing money. Your EMI includes both components.
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Transparency & trust
EMI estimates use the standard fixed-rate amortizing-payment equation and the values supplied by the user.
Reviewed by Jack Tao
Technical methodology reviewer
Full-stack developer with 10+ years of software engineering experience
This review checks implementation, formulas, units, edge cases, and alignment with the cited material. It does not represent independent medical or financial advice.
Important limitation
For educational information only. This estimate is not financial, investment, tax, legal, or lending advice.
Actual lender payments can include fees, insurance, taxes, variable rates, rounding rules, or non-amortizing terms.