How to use the EMI calculator
Enter the loan principal, the annual interest rate, and the tenure in years or months. Choose Calculate to see monthly EMI, total interest, and total payment. Use Copy results when you want the breakdown elsewhere. Nothing is uploaded. Figures are estimates; lenders may round or add fees differently.
Frequently asked questions
How is EMI calculated?
This tool uses the standard reducing-balance EMI formula: EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1). P is the principal, r is the monthly rate (annual percent ÷ 12 ÷ 100), and n is the number of monthly installments. When the rate is zero, EMI is simply principal divided by n.
What loans can I use this EMI calculator for?
Any fixed-rate equated monthly installment loan works: home loans, car loans, personal loans, and similar products. Plug in the amount you borrow, the advertised annual rate, and how long you will repay.
Should tenure be in years or months?
Either. Select years or months, then type the matching number. Years are converted to months (× 12) before EMI is computed, so 20 years becomes 240 months.
Is this official lending advice?
No. Results are planning estimates only. Banks and NBFCs may use different rounding, processing fees, or day-count conventions. This page is not a loan offer and not financial advice.
Does the EMI calculator upload my loan details?
No. EMI math runs in your browser. Deskutil never receives the amount, rate, or tenure you enter.