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Calculate the Equated Monthly Instalment (EMI) for a home, car, business or personal loan, along with the total interest and total amount you will repay over the loan tenure.
Results are estimates for planning. For exact figures specific to your situation, speak with our Chartered Accountants.
This calculator gives an estimate only and is not a substitute for professional advice — talk to our team for exact figures specific to your situation.
EMI is calculated using the standard reducing-balance formula:
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. In early EMIs, a larger share goes towards interest; later, more goes towards principal.
Have a question about your own case? Call us on +91-141-3012220.
Choose a longer tenure, make a larger down payment, negotiate a lower rate or make part-prepayments. Note that longer tenures increase total interest.
Under the old regime, principal repayment and interest on a home loan may qualify for deductions, subject to limits and conditions.
No. The calculator covers principal and interest only. Processing fees and insurance are additional.
Yes. It works for term loans and business loans that are repaid in equal monthly instalments.
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Calculators give estimates only. Our CAs can compute your exact tax and compliance position.