EMI Calculator

Estimate the monthly instalment on a home, car or personal loan from the amount borrowed, the annual interest rate and the tenure.

Monthly instalment (EMI)

10,501

Payable over 60 months

500,000

Principal

130,056

Total interest

630,056

Total payable

How to use the EMI Calculator

  1. 1Enter the loan amount you plan to borrow.
  2. 2Add the annual interest rate offered by the lender.
  3. 3Set the tenure in years and read the monthly instalment plus total interest.

About this tool

An EMI is a fixed monthly payment that covers both interest and part of the principal. It is calculated with the standard amortisation formula using the monthly interest rate and the number of months in the tenure.

Early instalments are mostly interest and later ones mostly principal, but the payment itself stays the same. Lengthening the tenure lowers the monthly payment while raising the total interest you pay.

Benefits

  • See the true cost

    Total interest and total payable are shown alongside the instalment.

  • Compare offers quickly

    Change the rate or tenure and watch the instalment update instantly.

  • Free and unlimited

    No account, no sign-up and no daily cap — use it as often as you need.

  • Works on your phone

    The layout, buttons and inputs are built mobile-first and are fully keyboard accessible.

Frequently asked questions

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