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Calculate your home loan, car loan or personal loan EMI in seconds.
Monthly EMI
Total Interest: ₹ 0
Total Payment: ₹ 0
EMI stands for Equated Monthly Instalment. It is a fixed amount you pay to your lender every month until your loan is fully repaid. Each EMI has two components — the principal amount and the interest. In the early months, a larger portion of your EMI goes towards interest. As the loan matures, a higher portion goes towards reducing the principal.
Enter your loan amount, the annual interest rate, and the loan tenure in years. Click Calculate EMI and instantly get your monthly EMI, total interest payable, and total repayment amount.
EMI = P × r × (1+r)^n / [(1+r)^n – 1]
Where P = Principal loan amount, r = Monthly interest rate (annual rate ÷ 12 ÷ 100), and n = Total number of monthly instalments (years × 12).
Home loans in India typically range from 8% to 10% per annum with tenures up to 30 years.
Car loans usually come with interest rates between 8.5% to 12% and tenures of 1 to 7 years.
Personal loans carry higher interest rates, typically 10% to 24% per annum, with shorter tenures of 1 to 5 years.
Also try: Use our SIP Calculator to grow wealth alongside your loan, our FD Calculator to plan fixed deposits, our PPF Calculator for tax-free savings, or our Income Tax Calculator to claim home loan interest deduction under Section 24(b).
EMI stands for Equated Monthly Instalment — a fixed monthly payment made to repay a loan over a chosen tenure.
EMI = P × r × (1+r)^n / [(1+r)^n – 1], where P is principal, r is monthly interest rate, and n is number of months.
Yes. A longer tenure lowers your monthly EMI but increases the total interest you pay over the loan period.
Yes. WealthToolsHub's EMI Calculator is 100% free with no sign-up required.