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HomeToolsEMI Calculator

EMI Calculator

Calculate monthly EMI for home, car & personal loans with full amortization schedule.

100% Free No signup required Data stays in your browser

How It Works

  1. 1

    Enter the loan amount in rupees.

  2. 2

    Set the annual interest rate (e.g., 8.5% for home loans).

  3. 3

    Choose the loan tenure in months or years.

  4. 4

    View your monthly EMI, total interest, and total payment.

  5. 5

    See the full amortization schedule showing monthly principal and interest breakdown.

Calculation Formula

EMI = P × r × (1 + r)^n / ((1 + r)^n − 1)

Where:
P = Principal loan amount
r = Monthly interest rate (Annual rate / 12 / 100)
n = Loan tenure in months

Total Payment = EMI × n
Total Interest = Total Payment − P

All calculations are performed instantly in your browser. No data is sent to any server.

When to Use This Tool

Calculate EMI before applying for a home loan

Compare car loan options from different banks

Plan personal loan repayment

Understand how prepayment reduces total interest

Frequently Asked Questions

Unlock Unlimited EMI Calculator

Get access to all 10 business tools, GST invoicing, client management, and more with a single subscription.

  • Unlimited calculations & downloads
  • All 10 business tools included
  • GST invoicing with PDF export
  • Client & lead management
  • Priority email support

Sign up free to access all tools.

More Free Business Tools

GST Calculator

Calculate GST instantly for any amount. Supports all GST slabs (5%, 12%, 18%, 28%).

Income Tax Calculator

Compare Old vs New tax regime side-by-side for AY 2025-26 with slab-wise breakdown.

Profit Margin Calculator

Calculate gross margin, markup, and profit for your products with bulk analysis.