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EMI Calculator
Free EMI calculator for home, car, personal, education and bike loans. See monthly EMI, total interest and a year-by-year repayment schedule. Works in Hindi.
₹
₹30 Lakh
% p.a.
years
Rates shown are examples. Check your bank's current rate.
Monthly EMI
₹26,035
Total interest52%
- Principal: ₹30,00,000
- Total interest: ₹32,48,327
- Total payment: ₹62,48,327
Questions people ask
How is EMI 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 months.
How can I reduce my EMI or total interest?+
A longer tenure lowers EMI but increases total interest. A lower rate, bigger down payment or part-prepayments reduce total interest the most.
Is this EMI calculator accurate?+
It uses the standard reducing-balance formula used by Indian banks. Your bank's final EMI may differ slightly due to fees, rounding or the date of disbursement.