Calculate your monthly EMI, total interest, and full amortization schedule for any loan.
The EMI Calculator (Equated Monthly Instalment Calculator) is a free tool that instantly computes your monthly loan payment, total repayment amount, and total interest for home loans, car loans, personal loans, education loans, and more. Adjust the principal, interest rate, and tenure using sliders or inputs, and view the complete month-by-month amortization schedule to understand exactly how your loan is structured.
Calculate monthly repayments for different home loan amounts before applying, to find a payment that fits your budget.
Compare EMI for different car models, loan amounts, and tenures to decide the most affordable option.
Understand the true cost of a personal loan — including total interest — before committing to a lender.
Plan monthly repayments for student loans so you can manage your budget after graduation.
EMI stands for Equated Monthly Instalment. It is the fixed amount you pay every month to repay a loan over a set period. Each EMI covers both a portion of the principal and the accrued interest.
You can reduce your EMI by: (1) increasing the loan tenure (spreads payments over more months), (2) increasing your down payment (reduces the principal), or (3) negotiating a lower interest rate with your lender.
Yes. A longer tenure reduces your monthly EMI but increases the total interest paid over the life of the loan. Use the calculator to compare short vs. long tenures and find the right balance.
Completely free with no sign-up required. Run as many EMI scenarios as you need.