Loan EMI Calculator
Calculate your monthly EMI with reducing-balance precision
The EMI formula divides each installment between interest and principal, so your balance falls with every payment.
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where r is the monthly rate and n is the number of months.
Your inputs
Loan principal, rate, and tenure
Enter the loan amount, annual interest rate, and tenure in years. Every figure updates the installment and totals instantly.
Monthly EMI
Installment amount appears here after you enter inputs
Total interest payable and total amount repaid are shown beside the installment so you can compare the true cost of the loan.
Borrowing basics
Read the loan before you repay it
Reducing balance vs flat rate
Interest on a reducing-balance loan is charged only on the outstanding principal, so it is usually lower than a flat-rate quote for the same rate.
Prepayment benefits
Part-prepayments reduce the principal early, cutting future interest. Check your lender for any prepayment charges before paying extra.
Balancing tenure
A longer tenure lowers the monthly installment but raises total interest. Compare both figures before choosing a term.