Calculate your monthly loan installments easily. Plan your loan repayment with our accurate EMI calculator for home loans, personal loans, and more.
Quick select amounts:
Typical home loan rates: 8-11% per annum
Quick select periods:
EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]
• P = Principal loan amount
• r = Monthly interest rate (Annual rate / 12 / 100)
• n = Loan tenure in months
EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each month. EMIs consist of both principal and interest components.
Longer tenure means lower EMI but higher total interest. Balance both factors.
Prepaying your loan can significantly reduce your interest burden.
Even a 0.5% difference in interest rate can save lakhs over the loan tenure.