Financial Tools

EMI Calculator

Calculate your Equated Monthly Installment (EMI) for any loan. Plan your monthly budget by knowing exactly how much you'll pay.

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Loan Amount ($)

Interest Rate (%)

Loan Tenure (Months)

Values shown are examples. Edit them to match your situation.

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EMI Breakdown

Monthly EMI	$0.00
Total Interest	$0
Total Payment	$0

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For illustration only, not financial advice. Results are estimates based on the numbers you enter and do not constitute an offer, rate quote or approval.

The instalment follows the rate. Go find a better one.

Published APRs, terms and fees, each read from the lender page and dated.

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How this is worked out

EMI is the standard amortised payment: P times R times (1+R)^N, over (1+R)^N minus 1, where R is the annual rate over twelve and N is the tenure in months. Every instalment is identical; only the split between interest and principal moves.

Total payment is the instalment times the number of months, and total interest is that figure minus the amount borrowed. Fees, insurance and processing charges are not in it, so add them before comparing two lenders.

Interest share is total interest over total payment. It is the number that shows what a longer tenure really costs, because a longer tenure always lowers the instalment and always raises this figure.

Questions people ask

Is EMI the same as a normal loan payment?

Yes. Equated monthly instalment is the same amortised payment used for a mortgage or a personal loan, under the name used across South Asia, the Middle East and much of Europe.

Why does a longer tenure cost so much more?

Because interest is charged on the balance, and a longer tenure keeps the balance high for longer. Doubling the tenure lowers the instalment by far less than half and raises total interest sharply.

Does the rate here include fees?

No. This is the interest rate only. Processing fees, insurance and prepayment charges sit outside the instalment, which is why two loans at the same rate can cost different amounts.

Can I pay it off early?

Usually, and it saves the remaining interest, but many lenders charge a prepayment penalty in the first years. Ask for the figure in writing before you sign, not after.

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