EMI Calculator
Estimate the monthly instalment, total repayment, and interest for a fixed-rate loan.
Enter your details
This estimate assumes a fixed annual rate and regular monthly payments. Actual lender fees, rate resets, taxes, and rounding may change your repayment.
Your result
Enter your details to calculate.
Worked example
Sample inputs
- Currency
- Indian rupee (INR)
- Loan amount
- 2500000
- Annual interest rate (%)
- 8.5
- Loan tenure (months)
- 240
Estimated monthly EMI: ₹21,695.58
- Total repayment: ₹52,06,939.40
- Total interest: ₹27,06,939.40
How this emi calculator works
For a monthly reducing-balance loan, EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is principal, r is monthly interest, and n is the number of payments.
This estimate assumes a fixed annual rate and regular monthly payments. Actual lender fees, rate resets, taxes, and rounding may change your repayment.
Frequently asked questions
Does the EMI include processing fees or insurance?
No. It models principal and interest only. Add lender fees separately when comparing loan offers.
Why can the total interest change from my lender’s quote?
Lenders may use different day-count conventions, payment dates, rounding, fees, or floating-rate schedules.