Plan your repayments
Loan EMI calculator
Adjust the amount, interest rate and tenure to see how they change your monthly instalment and total cost.
EMI calculator
Estimate monthly repayments using the reducing-balance method.
₹10K₹1Cr
%
0%30%
yrs
1 yr30 yr
Estimated monthly EMI
₹10,871
- Principal
- ₹5,00,000
- Total interest payable
- ₹1,52,273
- Total repayment
- ₹6,52,273
Illustrative calculation only. The rate you enter is an assumption, not an offer from any lender. Actual interest rates, fees, charges and EMIs are set by the lender after assessing your application.
How the EMI is calculated
We use the standard reducing-balance formula used by most lenders:
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
- P — loan amount (principal)
- r — monthly interest rate (annual rate ÷ 12 ÷ 100)
- n — number of monthly instalments
At a 0% rate, the EMI is simply the principal divided by the number of months.
Things to keep in mind
- The rate you enter is your assumption. Lenders set actual rates after assessing your application.
- Processing fees, insurance and other charges are not included in this estimate.
- A longer tenure lowers the EMI but usually increases the total interest paid.
- Floating-rate loans can change EMI or tenure when rates change.
Read more in How is a loan EMI calculated? or start an enquiry.