Calculate monthly loan payments for Home, Car, or Personal loans.
EMI stands for Equated Monthly Installment. It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
In the early years of a loan, a larger portion of your EMI goes towards paying off the Interest. Over time, more of your payment goes towards reducing the Principal.
The calculator uses the reducing balance method, which is standard for banks and financial institutions.
E = P × r × (1+r)^n / ((1+r)^n - 1)You can reduce your EMI by increasing the loan tenure, making a larger down payment (reducing Principal), or negotiating a lower interest rate.
Whether you are planning to buy a house, a car, or need funds for personal reasons, knowing your monthly obligation is critical. Use this free Loan EMI Calculator to estimate your monthly payments before you apply.
Simply enter the Loan Amount, the Interest Rate offered by the bank, and the Tenure (duration). Our tool instantly computes the monthly installment and the total interest payable over the life of the loan, helping you make informed financial decisions.