Estimate an equated monthly instalment and see how principal, interest, tenure, and extra payments affect the loan.
Calculate with the EMI Calculator
Enter the details below. Required values are validated before results are shown.
EMI Calculator results
EMI Calculator projection
The year-by-year values are also provided in the accessible table.
How to use the EMI Calculator
- Choose the display currency and any calculation mode or frequency.
- Enter each required value using a consistent currency and time basis.
- Select Calculate or press Enter.
- Review the result explanation, assumptions, and any schedule before relying on the estimate.
Worked example
A ₹500,000 loan at 8% for 60 months has an EMI of about ₹10,138 before extra payments.
Understanding the results
The summary separates the most important output from supporting values. Currency selection changes formatting only; it does not convert exchange rates or alter a currency-independent formula.
Frequently asked questions
How does an extra payment change an EMI loan?
P is principal, r is the monthly decimal rate, and n is the number of monthly instalments. At 0% interest, EMI is principal divided by months. The result depends on the values and assumptions entered, so compare it with the applicable provider or official rule.
Can I use decimal values in the EMI Calculator?
Yes. Decimal values are supported. Results are calculated at full JavaScript numeric precision and formatted for readability.
Are the EMI Calculator results guaranteed?
No. The calculator provides an estimate based on the entered assumptions and is not financial, tax, investment, lending, payroll, or legal advice.