Free EMI Calculator
Estimate your monthly EMI, total interest payable, and view a detailed year-by-year payment schedule for any loan type in seconds.
How It Works
Understanding Your EMI
EMI (Equated Monthly Installment) is the fixed amount you pay each month towards your loan, comprising both principal and interest.
Principal
The original loan amount you borrow from the lender.
Interest Rate
The annual rate charged by the lender, applied monthly to your outstanding balance.
Tenure
The total duration over which you repay the loan, from 1 to 30 years.