Loans
EMI Calculator
Computes the fixed monthly repayment for any loan given principal, rate, and tenure.
Your details
₹
%
yrs
Monthly EMI
₹21,696
Total interest
₹27,06,939
Total payment
₹52,06,939
Your EMI will be ₹21,696 per month. Over 20 years you'll pay ₹27,06,939 in total interest — that's 108% of your loan amount.
PrincipalInterest
How this is calculated
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P = principal, r = monthly interest rate (annual ÷ 12 ÷ 100), n = tenure in months. When r = 0, EMI = P / n.
Frequently asked questions
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly interest rate, and n is the number of months.
Does prepayment reduce EMI or tenure?
Most Indian lenders reduce the tenure by default, keeping EMI the same — but many let you choose. See our Loan Prepayment Calculator.
What is a good EMI-to-income ratio?
Most lenders and planners suggest keeping total EMIs under 40% of your monthly take-home income.
Does credit score affect my interest rate?
Yes — a higher credit score typically qualifies you for a lower interest rate, directly reducing your EMI and total interest.