Find your monthly EMI, total interest and total amount for any loan — home, car, bike, personal or education.
No daily limit No watermark No sign-up Files never uploaded
See year-by-year schedule
Popular uses
How to use the EMI calculator
1Enter loan amountThe amount you will borrow, after your down payment.
2Enter rate and timeThe yearly interest rate from your bank, and the loan time in years or months.
3See your EMIMonthly EMI, total interest and total payment update instantly.
Questions people ask
How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (yearly rate ÷ 12 ÷ 100) and n is the number of months. This tool does the maths for you.
Does a longer loan reduce EMI?
Yes, the monthly EMI goes down, but you pay much more interest in total. Compare the “Total interest” line for 15 vs 20 years to see the difference.
Is processing fee included?
No. Banks may also charge a processing fee, insurance or GST on fees. Ask your bank for the full cost.
Does this work for other currencies?
Yes. Choose your currency at the top — rupee, dollar, euro, pound, dirham and more. The maths is the same everywhere.