Loan EMI Calculator
Estimate your monthly EMI, total interest and total amount payable for any loan.
Explore LoansMonthly EMI
₹21,247
Principal
₹10,00,000
Total Interest
₹2,74,823
Total Payable
₹12,74,823
The EMI shown is an indicative illustration based on the values you enter. Actual EMI, interest rate, fees and eligibility are subject to the respective lender’s policies and approval criteria.
What is an EMI?
An EMI (Equated Monthly Instalment) is the fixed amount you pay every month to repay a loan. Each EMI includes part of the principal and part of the interest.
How the EMI Calculator Works
It uses the standard EMI formula based on your loan amount, interest rate and tenure to estimate your monthly instalment and the total interest over the loan.
How to Use It
Enter the loan amount, interest rate and tenure. The EMI, total interest and total payable update instantly as you adjust the values.
Example
For example, a ₹10,00,000 loan at 10% for 5 years works out to an EMI of about ₹21,247, with total interest of roughly ₹2.75 lakh. This is an indicative illustration.
Important Factors
- Loan amount (principal)
- Interest rate
- Loan tenure
- A longer tenure lowers EMI but increases total interest
- Prepayments can reduce total interest
Loan EMI Calculator – FAQs
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