EMI Calculator

Know your monthly EMI and the real cost of a loan before you sign.

We’ll check whether this EMI is comfortable for you.

Your result

Monthly EMI
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Total interest
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Total amount paid
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PrincipalInterest

Figures are estimates using a standard reducing-balance EMI formula. Your lender’s actual EMI may differ slightly due to fees, rounding or rate changes.

Learn more

Already carrying costly debt? Read How Neha came out of the debt trap and why debt turns tomorrow’s income into yesterday’s mistake.

How to use this EMI calculator

  1. Enter the loan amount you are thinking about.
  2. Enter the yearly interest rate you have been quoted.
  3. Choose the tenure in years.
  4. Optionally, add your monthly take-home pay. The tool then shows what share of your pay this EMI would take.
  5. Read the monthly EMI, total interest and total amount paid. The tool also shows how much you pay back for every ₹100 borrowed.

Worked example

Ravi is weighing a ₹5,00,000 loan at 10% a year. His take-home pay is ₹45,000.

For 5 years, the EMI is about ₹10,624. He pays about ₹1.37 lakh in interest, or ₹127 for every ₹100 borrowed. The EMI is 24% of his pay.

For 7 years, the EMI falls to about ₹8,301, which is 18% of his pay. But total interest rises to about ₹1.97 lakh. The smaller EMI costs him nearly ₹60,000 more overall.

The tool also shows a prepayment idea for the 5-year loan. One extra EMI a year, about ₹885 more a month, could close it about 5 months early. That saves roughly ₹14,062 in interest.

What your result means

  • A longer tenure lowers the EMI but raises total interest. You pay interest for more months.
  • A higher rate raises both the EMI and total interest. Even a small rate difference adds up over years.
  • Compare the EMI with your take-home pay. As a rough rule of thumb, the tool treats up to 30% as comfortable and above 40% (all EMIs together) as high. Your own costs matter more than any rule.
  • If the numbers feel tight, the simplest option is to borrow less or wait and save.

Questions people ask

Will my actual EMI match this?

It should be close. The tool uses the standard reducing-balance formula. Fees, rounding or rate changes can make the real EMI slightly different.

Should I choose a longer tenure for a lower EMI?

Only after you see the total interest. Run both tenures here and compare the full cost, not just the monthly amount.

I already have EMIs. What next?

Add them up and see how much of your pay they take. Our Financial Health Score checks this along with savings and safety nets.

This content is for general education only and is not financial, investment, tax or legal advice. Please consult a qualified professional before making financial decisions.