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EMI Calculator

Enter loan amount, interest rate and tenure to get your equated monthly instalment, total interest and total payment.

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How to use the EMI Calculator

  1. 1Enter the loan amount.
  2. 2Enter the annual interest rate.
  3. 3Enter the tenure in months.
  4. 4Read the EMI, total interest and total payable.

Worked examples

Real figures, so you can see what the EMI Calculator produces before you start.

A 25 lakh home loan

A buyer takes 25,00,000 over 20 years at 9.25%.

Loan amount
25,00,000
Interest rate
9.25% a year
Tenure
240 months

Result. EMI of 22,896.67. Over the full term that is 29,95,201 of interest on top of the principal, a total outlay of 54,95,201.

Frequently asked questions

What formula is used?+

EMI = P·r·(1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate and n the number of months.

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