EMI Calculator
Estimate your monthly instalment, total repayment and total interest. The result is indicative - the final EMI depends on the rate and tenure agreed with your lender.
*Results are indicative. Final rates, fees and tenure depend on your profile and lender approval. Taxes and processing fees are not included.
How EMI is calculated
We use the standard reducing-balance formula:
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
- P = loan amount (principal)
- r = monthly interest rate (annual rate ÷ 12 ÷ 100)
- n = tenure in months
In reducing-balance loans, interest is charged on the outstanding amount each month, so your EMI pays down the principal steadily over time. Most personal, business, home and property loans in India follow this method.
Tips for using the calculator
- Slide the tenure to see how much longer tenures reduce the EMI (but increase total interest).
- Compare the total interest, not just the EMI, when deciding between two offers.
- Add likely processing fees and taxes to get a fuller picture of the cost.
- Keep your EMI within a level you can comfortably service month after month.
Want a more personalised estimate or help choosing between products? Submit an enquiry and our team will guide you.
Responsible borrowing
Use the EMI result to check your affordability before applying. Read our responsible borrowing guide to borrow smart.
Need help choosing the right loan?
Tell us your requirement and we'll help you compare options.