EMI calculator
Know your EMI before you borrow
Adjust amount, rate and tenure to see your monthly instalment, total interest and total repayment instantly.
Loan amount
Interest rate (p.a.)
Tenure
Your monthly EMI
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Principal Interest
Total payable
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Indicative calculation on a reducing-balance basis. Excludes processing fee, GST and other lender charges.
How EMI is calculated
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of monthly instalments.
Most Indian retail loans use the reducing-balance method: interest is charged only on the outstanding principal, so the interest part of each EMI falls over time while the principal part rises.
Tips to lower your EMI
- Improve your credit score (750+) to qualify for better rates.
- Choose a longer tenure for a lower EMI — but you’ll pay more interest overall.
- Make part-prepayments when you can; floating-rate home loans for individuals carry no foreclosure charges.
- Compare the APR, not just the headline rate — fees change the real cost.
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