Loan Calculator
Calculate EMI for any loan and compare total interest cost across different repayment tenures.
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
How do I choose the right loan tenure?
Balance affordability against total cost: a shorter tenure means a higher EMI but far less total interest, while a longer tenure eases monthly cash flow at a real long-term cost. Use the comparison table to see both sides for your exact loan amount.
What's a healthy EMI-to-income ratio?
Most lenders and financial planners suggest keeping total EMI obligations under 40% of your monthly take-home income, to leave room for other expenses and savings.
Does the loan type change how EMI is calculated?
No — the EMI formula is the same for home, car, personal, and education loans. What differs is the typical interest rate and tenure range each loan type carries.
Should I prepay my loan or invest the extra money instead?
Compare your loan's interest rate to the return you'd reasonably expect from investing — prepaying is usually the better move when your loan rate exceeds your expected investment return, especially for high-interest personal loans.