Free EMI Calculator
Plan your loan before you sign. Enter the amount, interest rate and tenure to see your monthly EMI, total interest and total repayment.
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Monthly EMI
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Total interest
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Total payment
How to use
- Enter the loan amount, annual interest rate and tenure in years.
- Your monthly EMI, total interest and total payment appear instantly.
- Tap 'Show amortization schedule' for a month-by-month principal/interest split.
Frequently asked questions
How is EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate and n the number of months.
Does a longer tenure lower my EMI?
Yes, but you pay much more total interest. Compare both before choosing.
What is an amortization schedule?
A month-by-month table showing how each EMI splits into principal and interest.
Is this EMI calculator free?
Yes — free, private, and runs entirely in your browser.