EMI Calculator
Calculate your monthly loan EMI, total interest and overall repayment amount instantly with our free online EMI Calculator.
EMI Calculator
Loan Amount
₹5,00,000
Interest Rate
10%
Loan Tenure
5 Years
Your EMI Result
Monthly EMI
₹10,624
Total Interest
₹1.37 L
Total Payment
₹6.37 L
₹6.37 L
Total Payment
Principal
Interest
This calculator provides an estimated EMI based on the entered loan amount,
interest rate and tenure. Actual repayment may vary because of processing
fees, insurance, lender charges and interest calculation methods.
What is EMI?
EMI stands for Equated Monthly Instalment. It is the fixed amount you pay every month to repay a loan over a selected period. Each EMI includes a portion of the principal amount and the interest charged by the lender.
Benefits
✓ Calculate monthly EMI instantly
✓ Estimate total interest payable
✓ Compare different loan tenures
✓ Plan your monthly budget
✓ Useful for home, car and personal loans
Quick Tip
A longer loan tenure can reduce your monthly EMI, but it usually increases the total interest you pay. Compare different tenure options before selecting your loan.