EMI Calculator
Enter your loan amount, interest rate, and how many years you'll take to repay. See your monthly EMI, total interest, and a breakdown year by year.
How EMI works
Your EMI is the same amount every month, but what that payment covers changes. At first, most of it goes toward interest. As time goes on, more of it goes toward paying down the loan. A ₹10 lakh loan at 9% over 20 years comes to about ₹8,997 a month.
You enter the yearly interest rate and the calculator figures out the monthly rate automatically. If you shorten the tenure or pay extra each month, you'll notice the total interest drops fast. To build your savings instead, check our savings calculators.
Common questions
What is an EMI?
EMI is short for equated monthly instalment—it's the fixed amount you pay your lender each month until the loan is done. Each payment is partly interest and partly loan repayment, with the split shifting over time.
If I take longer to repay, does my EMI go down?
Yes. A longer tenure means lower monthly payments. But you pay way more total interest because the loan balance stays high for longer. Shorter tenure means bigger monthly payments but much less interest overall.
Will my bank calculate the same EMI?
It should be within a rupee or two. Banks use the same formula. But processing fees, insurance, or slightly different rounding can create small differences. Check your bank's statement to be sure.
Add EMI Calculator to your website
Embed this free EMI Calculator on your site or blog. Just copy the code below, paste it into your page, and your visitors can use the calculator without leaving your site.
The widget is responsive and works on WordPress, Squarespace, Wix, Webflow, and any HTML page. You can adjust the width and height in the code above.