EMI Calculator Hub
India
EMI calculators
Choose a loan type to compute the Equated Monthly Installment with standard amortization.
How EMI calculators work
Each calculator applies the standard EMI formula, converting an annual interest rate to a monthly rate and computing fixed monthly payments over the loan tenure. Results include total interest payable and the monthly installment amount.
Which EMI calculator should you use?
The maths behind every EMI is the same, but the typical rates and tenures differ a lot by loan type, which is why each has its own page. Home loans are the largest and longest — usually 15 to 30 years at the lowest rates, because the property is the security. Car loans sit in the middle, commonly 3 to 7 years at moderate rates. Personal loans are unsecured, so they carry the highest rates and shorter tenures, typically 1 to 5 years. Credit card EMIs convert an existing purchase or outstanding balance into instalments, and often add a one-time processing fee on top of the interest.
What actually changes your EMI
Three inputs drive the number: the principal, the interest rate, and the tenure. Raising the tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan — often dramatically. Lowering the rate even slightly has a large effect on a long loan. For home loans, prepaying early is the single biggest lever, because in the early years almost the whole EMI goes toward interest rather than principal — the home loan EMI planner lets you add an extra payment on any month and see exactly how much interest that saves.
How EMI is calculated
The standard formula is EMI = [P × r × (1+r)^n] / [(1+r)^n − 1], where P is the principal, r is the monthly interest rate (annual rate divided by 12, then by 100), and n is the number of monthly instalments. Each EMI is fixed, but its split changes over time: the interest portion is largest at the start and shrinks as the outstanding balance falls, while the principal portion grows.
Limitations & disclaimer
Estimates are indicative and exclude processing fees, prepayment charges, insurance, or lender-specific costs. Consult your lender for precise amortization schedules.