EMI calculator

Calculate your monthly EMI on home, car, or personal loans.

Last reviewed: August 2026 · Figures are estimates for general planning only — see the explanation below for this calculator's specific assumptions.

Loan amount: ₹20,00,000 (48%)Interest: ₹21,65,552 (52%)

if you borrow ₹20,00,000 at 8.5% for 20 years, your EMI works out to about ₹17,356 a month — ₹21,65,552 in total interest over the loan, for a total of ₹41,65,552 repaid. See how much a monthly SIP of a similar size could grow to instead

What is an EMI calculator?

An EMI (Equated Monthly Installment) calculator computes the fixed monthly amount you repay on a loan, using the reducing-balance method — the standard method used by Indian banks and NBFCs for home, car, and personal loans.

Frequently asked questions

How can I reduce my EMI?

Increase the loan tenure, make a part-prepayment to reduce principal, or negotiate a lower interest rate — each reduces the EMI, though a longer tenure increases total interest paid.

Can I use this as a car loan calculator?

Yes — the EMI formula is identical for home loans, car loans, and personal loans; only the typical amount, rate, and tenure differ. Car loans in India typically run ₹3–20 lakh at 8.5–11% for 3–7 years, noticeably shorter than a home loan's 15–30 year term.

Common questions answered

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