EMI Calculator for Home, Car and Personal Loans

For anyone planning a home, car, education or personal loan against their salary. You get the monthly EMI, the total interest and the total amount payable.

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Estimates only, not financial or tax advice. These calculators are for planning. Tax slabs and statutory rates change, so confirm exact figures against the official income tax portal or a qualified professional before you act. Everything runs on your device; nothing you type is sent to a server.

Loans

Loan EMI

Monthly EMI, total interest and total payable for any loan.

Loan amount (Rs)

Annual interest percent

Tenure (years)

Monthly EMI

Rs 0

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How to use

How to use the EMI Calculator

Enter the Loan amount (Rs).
Type the Annual interest percent quoted by the lender.
Set the Tenure (years).
Read the Monthly EMI, total interest and total payable.

Worked example

An example, step by step

You enter

Loan amount Rs 30,00,000, Annual interest 8.5 percent, Tenure 20 years

The tool shows

Monthly EMI Rs 26,035; Total interest Rs 32,48,327; Total payable Rs 62,48,327; Payments 240 months

FAQ

Questions about the EMI Calculator

How is loan EMI calculated?

EMI = P x r x (1 + r)^n / ((1 + r)^n - 1), where P is the loan, r is the monthly rate (annual rate / 12 / 100) and n is the number of months.

What is the EMI on a 30 lakh home loan for 20 years?

At 8.5 percent it is about Rs 26,035 a month, and you pay around Rs 32.5 lakh in interest over 240 months.

Does a shorter loan tenure save interest?

Yes. A shorter tenure raises the EMI but cuts total interest sharply. Change the tenure here to compare both numbers side by side.

Is the EMI Calculator free and private?

Yes. It is free, needs no sign-up and runs entirely in your browser, so what you type is not uploaded. You only sign in if you want to email a result to yourself or save it to your CareerByteCode profile.

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