EMI Calculator Online
Calculate monthly EMI, total interest and total payment for any loan.
Method and limitations reviewed August 3, 2026. Browser-first, no login required.
Monthly EMI
₹ 10,379.18
Total interest
₹ 1,22,750.66
Total payment
₹ 6,22,750.66
Your data is processed in your browser and not uploaded.
About this tool
What this tool does
The EMI calculator estimates a fixed monthly payment for a reducing-balance loan and shows the resulting total interest and total repayment over the selected tenure.
How the result is produced
- The annual interest rate is divided by 12 and by 100 to obtain the monthly decimal rate.
- Tenure in years is converted to months before applying the standard reducing-balance EMI formula.
- For a zero interest rate, the principal is divided evenly across the number of months.
- Total interest is calculated as total scheduled payments minus the original principal.
Good uses
- Comparing loan amounts, rates and tenures
- Estimating the monthly effect of a longer or shorter term
- Separating principal from total scheduled interest
How to verify the result
- Compare the estimate with the lender's amortization schedule.
- Add processing fees, insurance and taxes separately when they apply.
- Check whether the quoted rate is fixed, floating or calculated using another convention.
Known limitations
- The estimate assumes a constant rate and equal monthly instalments.
- Fees, prepayments, late charges, changing rates and day-count conventions are not included.
- The result is for comparison and is not a loan offer or financial advice.