Calculate EMI (Equated Monthly Installment) for home loans, personal loans, car loans with detailed amortization schedule and total interest.
An EMI (Equated Monthly Installment) calculator computes the fixed monthly payment required to repay a loan over a specified term, including both principal and interest components. Widely used in India and other markets for personal loans, home loans, car loans, and education loans, this tool calculates EMI based on loan amount, interest rate, and tenure. Essential for borrowers to understand affordability before taking loans, compare offers from different banks, plan monthly budgets, and see how changes in loan terms affect monthly obligations. Shows complete amortization schedules and total interest payable over the loan life.
Make informed borrowing decisions by knowing exact monthly obligations before committing to loans, avoiding over-leverage that strains your budget. Compare loan offers from multiple banks by calculating EMIs for different interest rates and tenures to find the most affordable option. Understand the total cost of borrowing—see how even small interest rate differences translate to thousands in additional interest over loan terms. Plan prepayments strategically by seeing how extra principal payments reduce loan tenure and interest costs dramatically. Used by millions across India and Asia for home loans, personal loans, car financing, and business loans to ensure responsible borrowing.
Enter your loan amount (principal borrowed), annual interest rate offered by the lender (typically 8-12% for home loans, 10-18% for personal loans in India), and loan tenure in months or years. Click calculate to see your monthly EMI amount, total interest payable, total amount repayable, and a detailed amortization schedule showing how each payment splits between principal and interest. Use the prepayment calculator to see how paying extra principal (even ₹5,000-10,000 monthly) can reduce tenure by years and save lakhs in interest. Adjust tenure to find EMI amounts that fit comfortably within your monthly budget—typically EMI should not exceed 40-50% of monthly income.
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