Before you take any loan in India — whether it is a home loan, car loan or personal loan — you need to know your monthly EMI. Our free EMI calculator gives you the exact monthly instalment, total interest payable, total repayment amount, and a full year-by-year repayment schedule. No sign-up, no ads, completely free.
EMI Formula Used
EMI = P × r × (1+r)^n / ((1+r)^n – 1) where P is principal, r is monthly interest rate and n is number of months. Our tool calculates this instantly as you move the sliders.
Loan Types Supported
- Home Loan — up to ₹1 Crore, tenure up to 30 years, preset rate 8.5%
- Car Loan — up to ₹20 Lakh, preset rate 9.5% for 7 years
- Personal Loan — up to ₹5 Lakh, preset rate 14% for 3 years
What the EMI Calculator Shows
- Monthly EMI amount
- Total principal amount
- Total interest payable
- Total repayment amount
- Principal vs Interest donut chart
- Full year-by-year repayment schedule
Use this tool before visiting any bank to negotiate better loan terms. Knowing your EMI in advance gives you confidence in every loan discussion.
Try the Free Tool Now
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