EMI Calculator

Calculate the monthly EMI for any loan — personal, car, or general purpose.

Loan Amount

Interest Rate (% p.a.)

Loan Tenure (years)

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Monthly EMI

Total Interest Payable

Total Payment (Principal + Interest)

Before you rely on this: your lender's EMI will differ. Ask for the sanction letter, Key Fact Statement and amortisation schedule, and check this figure against them before you sign.

Assumptions: a fixed interest rate for the entire tenure, monthly compounding on a reducing-balance basis, and the first EMI falling one month after disbursal. Not included: processing fee, documentation, legal and valuation charges, insurance premiums, GST, prepayment or foreclosure charges, broken-period (pre-EMI) interest, and any rate reset on a floating-rate loan. Figures are rounded to the nearest rupee, so totals may differ marginally from your bank's schedule.