EMI Calculator
Calculate your EMI, total interest payable and total repayment for a loan amount, rate and tenure — supports both reducing-balance and flat-rate interest, with principal/interest and balance charts.
EMI breakdown
Principal vs interest
- Principal₹10,00,000.00(46.3%)
- Total interest₹11,59,342.29(53.7%)
Flat vs reducing — total interest
Outstanding balance over time
What is EMI Calculator?
EMI Calculator computes Equated Monthly Installments (EMI) for home loans, vehicle loans, and personal loans in India. It supports the banking-standard reducing-balance interest method and flat-rate calculation, allowing borrowers to compare effective borrowing costs. View monthly payments, total interest payable, principal-to-interest distribution charts, and yearly amortization schedules.
How to use EMI Calculator
- 1Enter the principal loan amount in Rupees, annual interest rate percentage, and tenure in years or months.
- 2Choose reducing-balance (standard bank home and car loans) or flat-rate (dealership and NBFC financing).
- 3Review the monthly EMI, total interest payable, overall repayment amount, and visual amortization charts.
Key features
Reducing vs Flat Modes
Compare standard reducing-balance bank interest with flat-rate dealership financing to evaluate true borrowing costs.
Flexible Tenures
Calculate across tenures in years or exact months for short-term and long-term financing commitments.
Interactive Distribution Charts
Visual donut and bar charts showing yearly principal reduction and total interest proportion.
Zero Data Sharing
Loan amounts and financial details remain 100% private in local browser memory without server transmission.
Examples & use cases
Home Loan Scenario (Reducing Balance)
₹50 Lakhs home loan at 8.5% annual interest for 20 years (240 months)
Principal: ₹50,00,000 | Interest: 8.5% | Tenure: 20 Years | Mode: Reducing balance
Monthly EMI: ₹43,391.16 | Total Interest: ₹54,13,878.80 | Total Payment: ₹1,04,13,878.80
Car Loan Scenario (Reducing vs Flat Comparison)
₹10 Lakhs car loan at 9% annual interest for 5 years (60 months)
Principal: ₹10,00,000 | Interest: 9.0% | Tenure: 5 Years
Reducing EMI: ₹20,758.36 (Interest: ₹2,45,501.31) vs Flat EMI: ₹24,166.67 (Interest: ₹4,50,000.00)
Frequently asked questions
Helpful guides & tutorials
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