EMI Calculator
Work out your EMI along with the principal-to-interest split over the loan tenure.
Monthly EMI
15,899.87
How It Works
- 1Enter the loan principal, interest rate and tenure in months.
- 2View your EMI and payment breakdown instantly.
Features
- Principal vs. interest breakdown
- Works with any tenure in months
Privacy
All calculations happen instantly in your browser. Nothing you enter is ever sent anywhere.
About EMI Calculator
EMI is calculated with the same amortization formula used for any fixed-rate loan: EMI = P × r(1+r)^n / ((1+r)^n − 1), where P is the principal, r is the monthly interest rate, and n is the tenure in months. Expressing tenure in months rather than years is the convention for EMI-based loans such as home, auto and personal loans, particularly common terminology in India and other South Asian markets.
Seeing the principal-versus-interest split across the full tenure is useful before signing a loan agreement — it shows the real cost of borrowing rather than just the monthly figure, and makes it easier to compare offers from different lenders or check that a monthly EMI fits comfortably against income.
The calculation assumes the interest rate stays fixed for the entire tenure. Many EMI loans, especially floating-rate home loans, have rates that change periodically, which changes the actual EMI or remaining tenure part-way through. Processing fees and prepayment charges some lenders apply also aren't included here.