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EMI Calculator

Calculate an equated monthly instalment and total interest from an entered principal, annual rate and number of monthly instalments.

Calculation, not advice. Results are illustrative and depend entirely on the values entered.

01

Your assumptions

₹
%
months
02

Your result

Illustrative

Estimated EMI

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Based on the assumptions entered

Relative magnitude of displayed valuesNegative values use absolute height

Important: This simplified estimate may exclude taxes, fees, timing differences, changing rates and other real-world conditions.

The concept

What an EMI represents

An equated monthly instalment is the fixed periodic payment in a standard amortizing loan model.

The calculation excludes processing fees, insurance, penalties and changes to the rate or repayment schedule.

The method

How the calculation works

The annual rate is divided by twelve and applied across the entered instalment count. Payment multiplied by instalments estimates total repayment and interest.

EMI = P[r(1+r)ⁿ] / [(1+r)ⁿ−1]

P is principal, r is the monthly rate and n is the number of monthly instalments.

Worked example

A neutral example

For a principal of ₹500,000 at an assumed 8% annual rate over 60 months, the calculator estimates the equal monthly instalment before fees.

This example explains the method. It does not recommend a financial action or predict an outcome.

Frequently asked

EMI Calculator questions

Is EMI different from a monthly loan payment?+

The mathematics is the same standard amortization model; EMI is common terminology in several markets.

Does this include processing charges?+

No.

Can the rate be zero?+

Yes. Principal is then divided by the instalment count.