EMI calculator for home, car & personal loans
Calculate your monthly EMI, total interest and total repayment instantly — and plan smarter borrowing.
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where r is the monthly rate and n the number of months. Pre-paying even small amounts early can save lakhs in interest.
Estimates are illustrative, not guaranteed returns.
How EMI is calculated
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r the monthly interest rate and n the tenure in months.
- A longer tenure lowers the EMI but increases total interest.
- Prepaying early in the loan saves the most interest.
- Keep total EMIs below 40% of your monthly income.
Does a lower EMI mean a cheaper loan?
Not necessarily. Stretching the tenure reduces EMI but you pay more interest overall.
Should I prepay my loan or invest?
It depends on your loan rate, tax benefits and expected investment returns. Our advisors can help you compare both options.
Is the EMI fixed?
For floating-rate loans, EMIs or tenure can change when the lender's benchmark rate changes.
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Balance your loans and investments
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