EMI calculator

Monthly instalment, interest, and total.

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How it works

Enter the numbers
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FAQ

Is the interest flat or reducing?

Reducing balance. Each month’s interest is on the outstanding principal, which is what the standard EMI formula assumes.

Can I use this for a home loan?

Yes. The home loan EMI calculator is the same formula with home-loan labels.

Do you send the amount to a lender?

No.

More about this tool

EMI calculator

Enter the amount, the yearly interest rate, and the years. The monthly figure uses the reducing-balance formula.

What is calculated

EMI = P × r × (1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n is the number of months. A zero rate splits the amount evenly.

What this is not

It does not include processing fees, insurance, or a bank’s actual offer. The rate you type is your assumption.

Home loan

The home loan EMI page is the same sum with a longer default tenure and home-loan wording.

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