EMI Calculator — Home, Car and Personal Loan EMI
Work out the monthly EMI for a home, car or personal loan, with total interest, an amortisation schedule and the effect of prepaying.
Free, with no sign-up and no watermark. The file is processed in your browser and never uploaded.
Find your monthly EMI, total interest and total payment for any loan, with a year-by-year or month-by-month amortisation schedule you can download as CSV. Add an optional extra payment every month to see how much interest prepaying saves and how much sooner the loan closes.
Step by step
- Enter the loan amount: Type it or use the slider.
- Enter the interest rate: The yearly rate your lender quotes.
- Enter the tenure: In years or months.
- Optional: prepay: Add an Extra payment every month to see the interest saved.
- Read the schedule: Switch between yearly and monthly schedules and click Download CSV if you need it.
Handy for
Home loans
Compare tenures and see the true interest cost.
Car and bike loans
Check affordability before you buy.
Personal loans
Compare offers at different rates.
Prepayment plans
Decide whether to prepay or invest.
Good to know
A shorter tenure means a higher EMI but much less total interest.
Questions
Which formula is used?
The standard reducing-balance EMI formula: EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), with r the monthly rate.
Why does my bank's figure differ slightly?
Lenders may round differently, start interest from the disbursement date, or add fees and insurance.
Are my photos or numbers uploaded anywhere?
No. Everything is processed by JavaScript in your browser tab — photos, signatures and the figures you type never leave your device.
Further reading
- Home Loan EMI: Tenure, Prepayment and How Much You Can Borrow — How home loan EMI is calculated, what a longer tenure really costs, how much monthly prepayment saves, and how FOIR and LTV limit the loan you can get.
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