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EMI Calculator

Calculate your monthly loan EMI instantly

₹1,00,000
₹10,000₹10,00,000
18%
1%48%
12 months
1 month84 months

Monthly EMI

₹9,168

per month for 12 months

Payment Breakdown

Principal Amount₹1,00,000
Total Interest₹10,016
Total Payment₹1,10,016
Principal 91%
Interest 9%
Compare Loan Apps to Get Best Rate

How to Use This EMI Calculator

An EMI (Equated Monthly Instalment) is the fixed amount you pay every month to repay your loan. Use the sliders above to enter your loan amount, interest rate, and tenure to instantly calculate your monthly EMI.

EMI Formula

EMI = P x R x (1+R)^N / ((1+R)^N - 1)

Where P = Principal, R = Monthly Interest Rate, N = Number of Months

Tips to Reduce Your EMI

  • 1. Choose a longer tenure to reduce monthly EMI (but pay more interest overall)
  • 2. Improve your CIBIL score to get lower interest rates
  • 3. Compare multiple loan apps — rates vary from 12% to 36% per year
  • 4. Borrow only what you need — smaller principal = smaller EMI