EMI Calculator
Calculate your monthly loan EMI, total interest, and total repayment — for home, car, or personal loans.
Loan details
Monthly EMI
₹17,356/month
Total interest
₹21,65,551
Total payment
₹41,65,550
EMI by tenure
| Tenure | EMI | Total interest |
|---|---|---|
| ₹41,033 | ₹4,61,984 | |
| ₹24,797 | ₹9,75,657 | |
| ₹19,695 | ₹15,45,062 | |
| ₹17,356 | ₹21,65,551 | |
| ₹16,105 | ₹28,31,362 | |
| ₹15,378 | ₹35,36,177 |
How this is calculated
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly installments (years × 12).
Pricing is verified against provider pricing pages as of 2026-09-01. AI and cloud pricing changes frequently — confirm the current rate on the provider's own pricing page before budgeting.
Frequently asked questions
What is EMI?
EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay a loan — a mix of principal and interest — until the loan is fully paid off over its tenure.
Does a longer tenure always cost more?
A longer tenure lowers your monthly EMI but increases the total interest paid over the life of the loan, since you're borrowing the money for longer. Compare tenures in the table to see the trade-off.
How does the interest rate affect my EMI?
EMI is highly sensitive to rate — even a 0.5% change on a large, long-tenure loan can shift the monthly payment noticeably. Always use your bank's actual sanctioned rate, not just the advertised starting rate.
Can I reduce my total interest without changing the EMI?
Yes — making occasional lump-sum prepayments toward the principal reduces the outstanding balance, which cuts total interest even if your regular EMI stays the same.