Loan EMI Calculator
Plan your loan with clear EMI estimates, repayment totals and eligibility guidance before you apply.
before applying
Enter loan details
Use the sliders or type values. Results are estimates — final rates and approval depend on the lender and your profile.
Repayment Schedule
Year-wise principal, interest, payment and outstanding balance.
| Year | Principal | Interest | Total Payment | Balance |
|---|
How is EMI calculated?
EMI (Equated Monthly Instalment) is the fixed monthly payment used to repay a loan. It depends on the principal, monthly interest rate and number of instalments.
Formula: EMI = P × r × (1+r)n ÷ ((1+r)n − 1)
A longer tenure usually reduces the monthly EMI but increases total interest. A shorter tenure does the opposite. Use the calculator above to compare scenarios before applying.
Frequently asked questions
No. Calculator rates are only estimates. Actual pricing depends on the lender, product and your profile.
No. The calculator itself does not perform a credit enquiry or submit a loan application.
Yes. Use the loan-type tabs to switch between home, car, education, personal, business, LAP, gold, two-wheeler and mortgage scenarios.
Try a lower loan amount or longer tenure, then speak with an advisor to assess a comfortable repayment range.
Many loan products allow part-prepayment or foreclosure, but charges and conditions vary by lender and product. Check the sanction terms before proceeding.
Talk to a loan expert today.
Get transparent guidance and compare suitable loan options for your requirement.