EMI Calculator
Home Loan · Car Loan · Personal Loan · Education Loan
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Loan Details
Loan Type
🏠 Home Loan
🚗 Car Loan
💳 Personal Loan
📚 Education Loan
Loan Amount₹50,00,000
₹1L₹5Cr
Interest Rate8.5%
5%24%
Tenure20 Years
1 Yr30 Yrs
Or Enter Manually
Amount (₹)
Rate (%)
Years
Monthly EMI
₹0
calculating...
Principal
₹0
Loan borrowed
Total Interest
₹0
Cost of borrowing
Total Payment
₹0
Principal + Interest
Principal0%
Interest0%
Payment Summary
Principal₹0
Interest Rate0%
Tenure0
Monthly EMI₹0
Total Interest₹0
Total Payable₹0
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Frequently Asked Questions
EMI stands for Equated Monthly Instalment — a fixed payment you make every month to repay a loan over a set period. It includes both the principal and interest components.
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1], where P is the principal loan amount, R is the monthly interest rate, and N is the total number of months.
Our calculator uses the reducing balance method, which is the standard in India. Interest is charged only on the outstanding loan amount, so your effective rate is much lower than a flat-rate calculation.
Yes. Most Indian banks allow part-prepayment. You can either reduce your EMI keeping tenure constant, or reduce tenure keeping EMI constant. Reducing tenure saves more on total interest.
Yes. Home loans typically have lower rates (8–9%) and longer tenures (up to 30 years), while personal loans have higher rates (12–24%) and shorter tenures (1–5 years), making EMIs vary significantly.