Free tool
EMI Calculator
Know your monthly outgo before you borrow — for home, personal, business and car loans.
Monthly EMI
₹21,494
- Principal
- ₹10,00,000
- Total interest
- ₹2,89,634
- Total payable
- ₹12,89,634
PrincipalInterest
Get this loan at the best rateReady to borrow? Check your loan eligibility next.
About this calculator
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r the monthly interest rate and n the number of months. This calculator applies the same formula banks use.
Does a longer tenure mean a cheaper loan?
A longer tenure lowers the monthly EMI but increases total interest paid — often dramatically. Choose the shortest tenure whose EMI fits comfortably in your budget.
Why is my bank's EMI slightly different?
Banks may add processing fees, insurance premiums or use daily-reducing balance methods, causing minor differences. The structure and comparison remain accurate for planning.
Found your comfortable EMI?
We'll find the lender offering it at the lowest rate.