EMI Calculator
Calculate the monthly EMI for your home loan, car loan or personal loan, and see the total interest you will pay over the full tenure.
Monthly EMI
₹21,696
Total interest
₹27,06,939
Total payment
₹52,06,939
Frequently Asked Questions
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments. This calculator applies the same formula used by banks.
Does a longer tenure reduce my EMI?
Yes — a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan. Compare the 'total interest' figure while choosing tenure.
Is processing fee included?
No. Banks charge processing fees, insurance and other one-time costs separately. This calculator shows the EMI on the principal alone.