EMI Calculators For Home Loan,Car Loan & Personal Loan In India


TENURE(in month)

Loan EMI




Total Amount


Line Chart

Year Principal (A) Interest(B) Total payment (A+B) Balance Loan Paid
To Date
+FY23 15,029 74,944 89,973 49,84,971 0.36%
+FY24 95,045 74,944 5,39,890 48,89,971 2.20%
+FY25 1,23,045 39,944 1,30,890 47,85,971 4.28%
+FY26 1,13,045 4,36,944 1,30,890 47,85,971 6.55%
+FY27 1,24,045 4,26,944 5,39,890 46,75,271 9.04%
+FY28 1,36,045 4,03,787 5,39,836 45,70,271 11.76%
+FY29 1,48,811 3,91,025 5,39,836 42,72,271 14.74%
+FY30 1,62,770 3,77,065 5,39,836 41,01,241 18.00%
+FY31 1,78,162 3,61,077 5,39,836 39,02,022 21.56%
+FY32 1,94,740 3,61,077 5,39,836 37,27,462 25.45%
+FY33 2,13,008 3,26,827 5,39,836 35,14,454 29.71%
+FY34 2,32,990 3,06,846 5,39,836 32,81,464 34.37%
+FY35 2,54,846 2,84,989 5,39,836 30,26,618 39.47%
+FY36 2,78,752 2,61,083 5,39,836 27,47,865 45.05%
+FY37 3,04,901 2,34,934 5,39,836 24,42,964 51.14%
+FY38 3,33,503 2,06,332 5,39,836 21,08,461 57.81%
+FY39 3,64,788 1,75,048 5,39,836 17,44,673 65.11%
+FY40 3,99,008 1,40,028 5,39,836 13,45,665 73.09%
+FY41 4,36,437 1,03,398 5,39,836 9,09,228 81.82%

What Is EMI

Equated Monthly Installment - EMI for short - is the amount payable every month to the bank or any other financial institution until the loan amount is fully paid off. It consists of the interest on loan as well as part of the principal amount to be repaid. The sum of principal amount and interest is divided by the tenure, i.e number of months, in which the loan has to be repaid. This amount has to be

P = Principal loan amount

N = Loan tenure in months

R = Monthly interest rate

The rate of interest (R) on your loan is calculated per month.

R = Annual Rate of interest/12/100

If rate of interest is 7.2% p.a. then r = 7.2/12/100 = 0.006

For example, if you borrow ₹10,00,000 from the bank at 10.5% annual interest for a period of 10 years (i.e., 120 months), then EMI = ₹10,00,000 * 0.00875 * (1 + 0.00875)120 / ((1 + 0.00875)120 - 1) = ₹13,493. i.e., you will have to pay ₹13,493 for 120 months to repay the entire loan amount. The total amount payable will be ₹13,493 * 120 = ₹16,19,220 that includes ₹6,19,220 as interest toward the loan.

Computing EMI for different combinations of principal loan amount, interest rates and loan term using the above EMI formula by hand or MS Excel is time consuming, complex and error prone. Our EMI calculator automates this calculation for you and gives you the result in a split second along with visual charts displaying payment schedule and the break-up of total payment.

How To Use A EMI Calculators?

With colourful charts and instant results, our EMI Calculator is easy to use, intuitive to understand and is quick to perform. You can calculate EMI for home loan, car loan, personal loan, education loan or any other fully amortizing loan using this calculator.

Enter the following information in the EMI Calculator:


Principal loan amount you wish to avail (rupees)

.EMI in arrears OR EMI in advance (for car loan only)

Use the slider to adjust the values in the EMI calculator form. If you need to enter more precise values, you can type the values directly in the relevant boxes provided above. As soon as the values are changed using the slider (or hit the 'tab' key after entering the values directly in the input fields), EMI calculator will re-calculate your monthly payment (EMI) amount.
A pie chart depicting the break-up of total payment (i.e., total principal vs. total interest payable) is also displayed. It displays the percentage of total interest versus principal amount in the sum total of all payments made against the loan. The payment schedule table showing payments made every month / year for the entire loan duration is displayed along with a chart showing interest and principal components paid each year. A portion of each payment is for the interest while the remaining amount is applied towards the principal balance. During initial loan period, a large portion of each payment is devoted to interest. With passage of time, larger portions pay down the principal. The payment schedule also shows the intermediate outstanding balance for each year which will be carried over to the next year.

Floating Rate EMI Calculation

We suggest that you calculate floating / variable rate EMI by taking into consideration two opposite scenarios, i.e., optimistic (deflationary) and pessimistic (inflationary) scenario. Loan amount and loan tenure, two components required to calculate the EMI are under your control; i.e., you are going to decide how much loan you have to borrow and how long your loan tenure should be. But interest rate is decided by the banks & HFCs based on rates and policies set by RBI. As a borrower, you should consider the two extreme possibilities of increase and decrease in the rate of interest and calculate your EMI under these two conditions. Such calculation will help you decide how much EMI is affordable, how long your loan tenure should be and how much you should borrow.

Optimistic (deflationary) scenario: Assume that the rate of interest comes down by 1% - 3% from the present rate. Consider this situation and calculate your EMI. In this situation, your EMI will come down or you may opt to shorten the loan tenure. Ex: If you avail home loan to purchase a house as an investment, then optimistic scenario enables you to compare this with other investment opportunities.Pessimistic (inflationary) scenario: In the same way, assume that the rate of interest is hiked by 1% - 3%. Is it possible for you to continue to pay the EMI without much struggle? Even a 2% increase in rate of interest can result in significant rise in your monthly payment for the entire loan tenure.
Such calculation helps you to plan for such future possibilities. When you take a loan, you are making a financial commitment for next few months, years or decades. So consider the best as well as worst cases...and be ready for both. In short, hope for the best but be prepared for the worst!


Home Loan EMI Calculator prepayments taxes


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Calculator EMI,Affordability Tenure& Interest Rate

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Leave A Reply

1,049 responses to “EMI Calculator for Home Loan, Car Loan & Personal Loan in India”

Parkesh says

jan9,2023 at 9:13pm

Hi, very nice application Kindly suggest how do we calculate emi in case one person pays the 15 full emi but then for few months only pays interest amount.how do we calculate future emi's including for non principal payments towards loan. Thanks


Shubham kumar says

Dec27,2023 at 11:13Am

During availing loan facility from any bank…they charge processing fee also…then final loan amount will be excluding or including processing fee..and how would we consider this processing fee during emi calculation


K Jayatheerth says:

Nov20,2023 at 1:13Am

Why can’t it calculate above the amount 300 Cr


Kishore says:

september21,2022 at 12:13Am

Hi this is very helpful tool , one small improvement the detailed grid can you also add new column of principal to interest percent it would would be grow


Prashanth Nayak says:

september20,2022 at 9:13Am

Thank you for sharing this calculator – It is very helpful. Could you please explain what is the “EMI in Arrears” vs. “EMI in Advance” options for car loan?


Poornima says:

september21,2022 at 5:52pm

You can get more information in this post.


Aman Khan says:

August26,2022 at 4:47pm

Calculator failed for the input as

Loan Amout:100000


Tenure: 0.75 month

Unexpected emi amount: 1,34,111 while interest is only 583


Kiran Rathva says:

december30,2022 at 2:25pm

Bug Fixed


Poornima says:

August27,2022 at 6:02pm

We have now modified the calculator to not accept decimals when tenure is entered in ‘months’. Thanks for the feedback, Aman.