EMI Calculator
Monthly instalment for any loan — principal, rate, tenure.
About this tool
The EMI you pay each month depends on three inputs — principal, rate, and tenure. This calculator solves for the EMI and shows the total interest cost, so you can see how a longer tenure trades a lower EMI for a bigger interest bill.
Frequently asked questions
Reducing balance vs flat rate?
Nearly every retail loan today uses reducing balance (this calculator). Flat-rate loans quote a lower headline number but effectively cost roughly double for the same borrower.