Calculate EMI - Calculate EMI for Personal Loan, Home Loan, Car Loan and Education Loan

Calculate EMI for Personal Loan, Home Loan and Car Loan

Loan Amount
Rate of Interest
Tenure (Year/Month)
Loan Amount
Rate of Interest
Tenure (Year/Month)
Y  M
Loan Amount
Rate of Interest
Tenure (Year/Month)
Y  M
EMI Amount 1,00,00,000.00  
Loan Tenure (Month) X 30.00  

Total Repayment Amount 1,00,00,000.00  

Loan Amount Bifurcation

Total Principal amount 1,00,00,000.00  
Total Interest Amount 1,00,00,000.00  

Yearly bifurcation of Calculated EMI Table

Month Year EMI Interest Amount Principal Amount

Frequently Asked Questions

What is EMI?

EMI stand for Equated Monthly instalments (EMI). It is a fixed payment amount made by a borrower to a lender/bank at a specified date each calendar month. EMI plans typically allow borrowers a single fixed payment amount per month and borrower pay the EMI for a specific duration of months or years. Calculated EMI amount gets remains the same during the loan duration. EMI is the combination of principal amount and interest amount. As borrower pay the more EMI then principal amount gets an increase and interest gets decrease.

What is the calculate EMI formula?

Below is the formula of calculating EMI in India for a loan amount is
Calculate EMI formula for for Personal Loan, Home Loan and Car Loan
In the above formula, components are
E = EMI that is final monthly installment.
P = Principal amount of loan.
R = Rate of interest of loan amount.
N = No of months (tenure).

For instance, the EMI for a principal amount for Rs 15 lakh, 10% interest rate and 60 months (5 Years) tenure is shown in the following table.
Calculate EMI example for for Personal Loan, Home Loan and Car Loan

How to calculate EMI using Calculate EMI?

1) We gave the slider and text boxes to enter the amount for the Loan Amount, Rate of Interest and Tenure.
2) EMI get the auto to calculate on slider change or text box value get change.
3) Below the slider we give the details of EMI amount/instalment and it gives the idea about total repayment amount (principal + interest).
4) You can also check the principle and interest amount bifurcation. And the same Bifurcation will be provided in chart format.
5) You can recalculate new payment using slider change.
6) We try to provide you EMI calculated details in charts format and table format for more understating.
7) Use the EMI Bifurcation table to check monthly instalment along with the principal and interest amount.

What is between Flat and Floating Interest Rates?

Flat interest as the name suggests, it remain flat throughout the duration of a loan. Since the variables in the EMI calculation formula given above are constant, the formula (and by extension, our calculator) will assume that you are inputting a fixed interest rate. While this is fine if your loan uses a fixed instant rate, it will require a few extra steps if you are considering taking out a loan with a floating interest rate.

Floating interest rates do not remain constant. They change according to the market or a particular index. A floating interest rate might seem riskier than a fixed interest rate for this reason; however, fixed interest rates tend to be anywhere between 1% and 2.5% higher than floating ones.

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