MK Upadhyay (MU) photo

Reviewed by MK Upadhyay (MU), Senior Contributor

Updated April 2026

EMI Calculator

Calculate EMI for any loan with principal, rate, and tenure inputs.

Loan Details
Adjust principal, annual rate, and tenure
₹10,00,000
Rs 50KRs 1Cr
10%
5%24%
5 years
1 year30 years
EMI Results

Monthly EMI

₹21,247

Principal

₹10,00,000

Total Interest

₹2,74,820

Total Repayment

₹12,74,820

Payment Breakdown

EMI assumptions and formula context

This calculator uses a standard reducing-balance EMI formula with monthly compounding. Use it for planning, then validate with your lender's official amortization schedule, fees, and policy terms.

EMI basics: how to compare loan offers correctly

EMI is only one part of loan affordability. Two loans can show similar EMI but very different total interest due to tenure and processing charges.

Use this calculator to run side-by-side scenarios: keep loan amount fixed and vary rate or tenure. This helps you see the trade-off between lower monthly outflow and higher lifetime cost.

Before finalizing, validate the lender's amortization schedule, reset rules for floating rates, foreclosure/prepayment charges, and taxes/insurance bundled into the offer.

FincalFY tools are for education and planning. They are not regulated financial, tax, or legal advice.

EMI Calculator India — Monthly EMI, Interest & Repayment