EMI Calculator
Calculate monthly EMI, total interest, and total payment for any loan.
How to use the EMI Calculator
Enter your loan amount, interest rate, and tenure to see your monthly EMI.
- 1
Enter loan amount
The principal amount you plan to borrow.
- 2
Enter interest rate
The annual interest rate offered by your lender.
- 3
Enter tenure
How many years you'll take to repay the loan.
Frequently Asked Questions
What is EMI?
EMI stands for Equated Monthly Installment — the fixed monthly amount you pay to a lender that covers both principal and interest.
Does a longer tenure reduce total interest paid?
No — a longer tenure lowers the monthly EMI but increases total interest paid over the life of the loan.
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