EMI Calculator

Calculate monthly EMI, total interest outgo, and overall loan repayment cost.

Loan Amount (INR)Interest Rate (% p.a.)Loan Tenure (Years)Processing Fee (%)

Monthly EMI

₹12,668

120 monthly installments

Total Interest

₹5,20,109

Total Payment

₹15,20,109

Processing Fee

₹10,000

Overall Loan Cost

₹15,30,109

Principal vs Interest

Principal: 65.8%

Interest: 34.2%

EMI Calculator

EMI (Equated Monthly Installment) is the fixed monthly amount you pay towards a loan. This calculator helps estimate EMI, total interest payable, and total repayment before applying for a loan.

Why use this EMI calculator?

Instant EMI estimate for selected loan terms.
Shows total interest and total outflow clearly.
Helps assess affordability before loan commitment.
Useful for comparing home, personal, or business loan options.

Frequently Asked Questions

What is an EMI calculator?

An EMI calculator estimates your monthly installment for a loan using principal, interest rate, and tenure.

How is EMI calculated?

EMI is computed using a standard reducing-balance formula with monthly interest rate and total number of installments.

What does total interest mean?

Total interest is the difference between total amount repaid and the original loan principal.

Can I compare different tenures and rates?

Yes. Changing tenure and rate helps you evaluate EMI affordability and overall repayment burden.