Financial Tools

EMI Calculator

Instantly calculate your equated monthly installment (EMI) for home loans, car loans, or personal loans.

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Loan Breakdown

Monthly EMI

₹10,635.48
Principal Amount ₹5,00,000.00
Total Interest Payable ₹1,38,107.20
Total Amount Payable ₹6,38,107.20

Payment Breakdown Visualization

Principal vs Interest Over Time

Total Payment Distribution

Amortization Schedule

Month EMI Principal Interest Balance
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What is an EMI Calculator?

Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.

How is EMI Calculated?

The universally accepted mathematical formula for calculating an EMI is:
E = P x [ r(1+r)^n ] / [ (1+r)^n - 1 ]

  • E represents the Equated Monthly Installment itself.
  • P stands for the Principal Loan Amount.
  • r is the rate of interest calculated on a monthly basis.
  • n is the loan term / tenure / duration expressed in number of months.

Is this EMI Calculator accurate and safe?

Yes. Our EMI calculator relies on mathematically proven standard banking formulas identical to those used by major financial institutions worldwide. Furthermore, because it executes entirely in your web browser via advanced JavaScript architecture, none of your financial figures are sent over the internet or saved to our servers, ensuring utter privacy, complete data security, and lightning-fast zero-latency results.