EMI Calculator
Splits a loan principal into equal monthly installments using the standard reducing-balance formula with configurable annual interest and tenure. Figures never leave your device — every calculation runs locally in your browser.
How to Use the EMI Calculator
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Frequently Asked Questions
What loan types does this calculator support?
Any loan with fixed EMI payments — home loans, car loans, personal loans, education loans, and business loans. It uses the standard reducing-balance formula used by banks worldwide.
What inputs do I need to provide?
Three inputs: principal loan amount, annual interest rate (%), and loan tenure in months. The calculator instantly computes your monthly EMI, total interest payable, and total payment.
Does this include prepayment or foreclosure?
The basic calculator shows standard EMI only — monthly EMI, total interest, and total payment. For prepayment impact analysis, adjust the tenure field to see how shorter terms reduce total interest. There is no amortization schedule or prepayment view.
Is the calculation accurate for Indian banks?
Yes. It uses the same reducing-balance EMI formula (EMI = P x r x (1+r)^n / ((1+r)^n - 1)) that all Indian banks use for home, car, and personal loan calculations.
Is my financial data stored or transmitted?
No. All calculations run locally in your browser. No loan amounts, interest rates, or other financial data is transmitted or stored anywhere.
What do the default numbers work out to?
The defaults — $100,000 at 10% p.a. for 12 months — print Monthly EMI $8,791.59, Total Interest $5,499.06, Total Payment $105,499.06. The monthly rate is annual ÷ 12 ÷ 100, so run the $500K/8%/60mo preset beside it to feel how term length moves total interest.
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Last updated October 2026