EMI Calculator
Calculate the equated monthly installment for any loan — home, personal, or auto — with total interest and payoff.
Frequently asked questions
What is an EMI?
Equated Monthly Installment: a fixed monthly payment covering both principal and interest, common for loans in many countries.
Does EMI use fixed or reducing balance?
This uses the standard amortized (reducing-balance) formula, so each payment shifts gradually from interest toward principal.
How does tenure affect interest?
Longer tenure lowers the monthly EMI but raises total interest paid. Shorter tenure saves interest at a higher monthly cost.