EMI Calculator
Calculate the Equated Monthly Instalment (EMI) for a home, car, or personal loan, plus the total interest you will pay over the tenure.
EMI Calculator
Equated Monthly Installment
How to use this
Enter the loan principal, the annual interest rate, and the tenure. The calculator shows the monthly EMI, the total interest paid over the life of the loan, and the total amount payable. Two things are worth noticing as you move the sliders. First, tenure cuts both ways: a longer tenure lowers the monthly EMI but sharply increases the total interest paid, so the cheapest-feeling loan is often the most expensive one. Second, EMIs are front-loaded: in the early years most of each instalment is interest, not principal, which is why prepaying early in the tenure saves far more interest than prepaying late. Typical Indian lending rates differ by loan type: home loans are usually the cheapest (they are secured), followed by car loans, with personal loans and credit card debt the most expensive. Always compare the total interest figure, not just the EMI, when choosing between offers.
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