EMI Calculator
Calculate your loan's Equated Monthly Installment and understand your repayment schedule.
Loan EMI Calculator
Repayment Summary
Your Monthly EMI
₹0
Total Amount Payable
₹0
Total Interest Payable
₹0
Break-up of Total Payment
Principal Amount
Total Interest
What is an EMI?
Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender on a specified date each month. It is used to pay off both the interest and the principal amount over a given time period. This calculator helps you understand your EMI before taking a loan.
Factors Affecting Your EMI
Loan Amount
The principal amount borrowed. A higher loan amount results in a higher EMI.
Interest Rate
The annual rate charged by the lender. A lower rate significantly reduces your EMI and total interest paid.
Loan Tenure
The duration for which the loan is borrowed. Longer tenures reduce the EMI but increase the total interest paid.
Your Choice
The EMI is a balance between the monthly payment you can afford and the total interest you are willing to pay.
Impact of Tenure on Your EMI
Shorter Tenure
- ✅ Lower total interest paid
- ✅ Loan is repaid faster
- ✅ Builds credit score quicker
- ❌ Higher monthly EMI
Longer Tenure
- ✅ Lower monthly EMI
- ✅ Easier to manage cash flow
- ✅ Can afford a higher loan amount
- ❌ Higher total interest paid
- Choosing a selection results in a full page refresh.