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EMI Calculator

Loan EMI with full breakup & total interest — 100% free, runs in your browser

About the EMI Calculator

The monthly EMI is only part of the story. What usually decides whether a loan is sensible is the total interest paid over its life, which grows sharply with tenure. Comparing a five year and a seven year loan on the same amount is often eye-opening.

How to use it

  1. Enter the loan amount.
  2. Enter the annual interest rate.
  3. Enter the tenure in years.
  4. Read the EMI, total interest and total payment.

Common questions

Why does a longer tenure cost so much more?

A lower EMI feels easier month to month, but you pay interest for more months. Extending a loan from five to seven years can add a third to the total interest.

Is the rate fixed or floating?

This assumes a fixed rate. With a floating rate the EMI or tenure changes when rates move, so treat the result as a snapshot.

Does it include processing fees?

No. Add those separately — they are typically 0.5 to 2 percent of the loan.

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