EMI Calculator
Monthly instalment, total interest and total repayment for any loan.
Your result appears here
Fill in the fields on the left and press Calculate. The answer, the breakdown and a copy button all land in this card.
How it is calculated
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1)
P is the loan amount, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments.
Worked example
A loan of ₹5,00,000 at 9.5% for 5 years gives r = 0.0079167 and n = 60. The EMI works out to about ₹10,501, so you repay ₹6,30,056 in total — around ₹1,30,056 of interest.
Questions people ask
Yes, spreading the same amount over more months lowers each instalment, but you pay interest for longer so the total interest goes up. Compare both figures before choosing.
On a fixed-rate loan it stays the same. On a floating-rate loan the bank usually keeps the EMI and changes the tenure, or resets the EMI at each rate revision.
No. The EMI covers principal and interest only. Use the Loan Calculator to add a processing fee to the total cost.
Early instalments are mostly interest because interest is charged on the outstanding balance. The principal share grows every month.