EMI Calculator
Updated July 2026
Enter the loan amount, interest rate and tenure to see your monthly EMI, the total interest you will pay, and the full repayment figure. Useful before you sign anything — the total interest number is usually the one that changes minds.
EMI Calculator
Frequently Asked Questions
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly interest rate, and n is the number of months.
Does a longer tenure reduce my EMI?
Yes, but it increases total interest — often substantially. Compare the total-interest figure across tenures before choosing.
Is prepayment worth it?
Usually, and earlier is better — early EMIs are mostly interest, so prepaying in the first years removes the most interest. Check your lender's prepayment charges first.