Finance tool
EMI Calculator
Estimate your monthly loan payment and total repayment.
Enter loan details
How to Use the EMI Calculator
Enter the loan amount, annual interest rate, and loan tenure in years. The calculator instantly shows your monthly EMI, total interest payable, and total repayment amount. You can adjust any input to see how changing the loan amount or tenure affects your monthly payment.
Example EMI Calculation
For a home loan of Rs 30,00,000 at 8.5% annual interest for 20 years: the monthly EMI would be approximately Rs 26,032. The total interest over 20 years would be around Rs 32,47,680, making the total repayment Rs 62,47,680. By increasing your EMI or choosing a shorter tenure, you can significantly reduce the total interest paid.
Frequently asked questions
What is an EMI?
An EMI is the fixed monthly instalment used to repay a loan over its tenure.
Are processing fees included?
No. This estimate uses loan amount, interest rate and tenure only.
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