An Equated Monthly Instalment (EMI) is a fixed payment you make every month towards repaying a loan. Each EMI includes a portion of the principal amount borrowed and the interest charged by the lender for that period.

• Budget effectively — Assess how comfortably the estimated EMI fits into your overall financial plan.
• Compare loan options — Explore different scenarios by adjusting loan amounts and terms.
• Make informed decisions — Gain valuable insights into potential loan obligations.

Whether you are planning a home purchase, funding education, or managing personal expenses, understanding your EMI helps you borrow responsibly and stay on track with repayments.

EMI is calculated using the standard reducing-balance formula. The monthly rate and tenure determine how much of each payment goes towards interest versus principal.

EMI = [P × R × (1 + R)^N] / [(1 + R)^N − 1]

Where —

• P — Principal loan amount
• R — Monthly interest rate (annual rate ÷ 12 ÷ 100)
• N — Loan tenure in months

Where P is the principal amount, R is the rate of interest per month, and N is the tenure in months. Lenders use this formula to compute your fixed monthly installment.

Financial clarity starts with knowing your numbers. Our EMI calculator gives you an instant estimate of monthly repayments so you can plan borrowing with confidence — before you submit a loan application.

1. 1Identify your loan type — personal, car, bike, home, or business — using the tabs above the calculator.
2. 2Enter the loan amount you wish to borrow or use the slider to set a value within the allowed range.
3. 3Outline the loan term, typically in months or years, to see how tenure affects your EMI.
4. 4Provide the interest rate (p.a.) offered by your preferred lender.

Instantly, the calculator reveals your estimated EMI along with principal and interest breakdown.

• Home Loan EMI Calculator: Estimate monthly payments for property purchase, construction, renovation, or balance transfer with longer tenures and higher loan amounts.
• Personal Loan EMI Calculator: Plan unsecured personal loans for travel, medical emergencies, weddings, or debt consolidation with flexible repayment options.
• Business Loan EMI Calculator: Estimate monthly installments for working capital, equipment finance, or business expansion with flexible SME loan tenures.
• Education Loan EMI Calculator: Model repayment after your course completes, including moratorium periods where applicable, to plan education funding.
• Loan Against Property EMI Calculator: Check EMIs when you borrow against residential or commercial property as collateral, based on property value and loan details.

• Rate of Interest (ROI): A higher annual interest rate leads to a higher EMI and greater total interest paid over the loan tenure.
• Loan amount: Borrowing a larger sum increases your monthly installment proportionally, assuming rate and tenure remain unchanged.
• Term of the loan: Longer tenures reduce monthly EMI but increase total interest paid; shorter tenures raise EMI but lower overall interest cost.

• Informed budgeting — Know your fixed monthly outflow before you apply for a loan.
• Comparative analysis — Test different loan amounts, rates, and tenures side by side.
• Confident decision-making — Enter applications with clarity on total payable amount and interest cost.