Free EMI Calculator
Calculate your monthly EMI for Home Loan, Car Loan, Personal Loan & more. Get instant amortization schedule and total interest breakdown.
Loan Details
Enter your loan information
📊 Your EMI Details
Enter loan details to calculate your EMI
🏠 Home Loan EMI
Calculate EMI for your dream home. Interest rates starting from 8.5% p.a. with tenure up to 30 years.
Calculate Home Loan →🚗 Car Loan EMI
Plan your car purchase with our Car Loan EMI calculator. Rates from 8.7% for up to 7 years.
Calculate Car Loan →💳 Personal Loan EMI
Check Personal Loan EMI instantly. Competitive rates from 10.5% p.a. with flexible tenure.
Calculate Personal Loan →Frequently Asked Questions
How is EMI calculated?
EMI is calculated using the formula: P × R × (1+R)^N / [(1+R)^N-1], where P is Principal, R is monthly interest rate, and N is number of months.
What factors affect EMI?
Three main factors: Loan Amount, Interest Rate, and Loan Tenure. Longer tenure reduces EMI but increases total interest paid.
Can I prepay my loan?
Yes, most banks allow prepayment. Floating rate loans have no prepayment charges, while fixed rate loans may have minimal charges.
What is amortization?
Amortization shows how each EMI payment is split between principal and interest. Initially, interest portion is higher, gradually shifting to principal.
* This EMI calculator is for illustrative purposes only. Actual EMI may vary based on lender policies, processing fees, and other charges. Please consult your bank for exact figures.