EMI Calculator
This EMI (Equated Monthly Installment) Calculator helps you estimate your monthly repayment amount for loans such as home loans, car loans, or personal loans. Just enter your loan amount, interest rate, and tenure to instantly see your EMI, total interest payable, and total repayment amount.
How to Use
-> Loan Amount: Enter the total amount you plan to borrow (e.g., ₹10,00,000).
-> Interest Rate (%): Provide the annual interest rate offered by the bank or lender (e.g., 9.5%).
-> Loan Tenure (in years): Select the duration you want to repay the loan over (e.g., 15 years).
Click Calculate to view your EMI and total cost of the loan.
Example
If you take a ₹10,00,000 loan for 15 years at 9.5% interest, your EMI will be around ₹10,485. You’ll repay ₹18.87L in total, with ₹8.87L as interest.
FAQs
Q1: What is EMI?
EMI stands for Equated Monthly Installment. It’s the fixed amount you pay monthly to repay a loan, including both principal and interest.
Q2: Does this calculator work for home, car, and personal loans?
Yes. It works for any loan with a fixed interest rate and regular monthly payments.
Q3: Does this include taxes or processing charges?
No. This tool calculates EMI based only on principal, rate, and tenure. It doesn’t include insurance or service charges.
Want All Our Tools in One Place?
Download the free MoneyStack Toolkit →