Free Online EMI Calculator

Calculate Your Loan EMI Instantly

Estimate your monthly EMI, total interest and total repayment for a personal loan, business loan or car loan. Adjust the amount, interest rate and tenure to compare different scenarios.

Loan Details

₹10,00,000
₹
₹10K ₹10 Cr
10.50%
%
0% 40%
years
1 year 30 years

EMI is calculated using the standard reducing-balance method for an illustrative fixed interest rate.

Estimated Monthly EMI
₹21,494 / month
Loan Amount ₹10,00,000
Total Interest ₹2,89,640
Total Repayment ₹12,89,640
Tenure 60 Months
Payment Breakdown 77.5% Principal / 22.5% Interest
● Principal ● Interest
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This is an estimate for informational purposes. Actual EMI, interest, charges, taxes and repayment schedule depend on the applicable lender and final loan agreement.

Compare Tenures

See how tenure changes your EMI

A longer tenure can reduce your monthly EMI, but it can increase the total interest paid. Compare different repayment periods below.

Smart Loan Planning

What could a part-prepayment save?

Estimate how making an additional payment could affect your outstanding balance and interest cost.

Part-Prepayment

Enter the amount you are considering as a one-time part-prepayment. The calculation assumes the payment is made after the selected number of months and that the EMI remains unchanged.

₹1,00,000
₹
24 months
1 month Before loan ends

Estimated Effect

Interest Saved ₹0
New Estimated Tenure —
Old Interest ₹0
New Interest ₹0

Actual prepayment savings may differ because lenders can apply prepayment charges, minimum prepayment rules, rate changes or different repayment methods.

Amortization Schedule

See where every EMI goes

Each monthly payment contains a principal and interest component. The schedule below shows how your outstanding balance reduces over time.

Month EMI Principal Interest Balance
EMI Guide

Understanding your EMI

Three key factors have the biggest effect on your monthly repayment and overall borrowing cost.

₹

Loan Amount

The amount borrowed is the principal. When all other factors remain unchanged, borrowing more generally increases the EMI.

%

Interest Rate

A higher interest rate generally increases the monthly EMI and the total amount of interest paid over the loan.

◷

Loan Tenure

Extending the tenure may lower your monthly EMI, but may increase the total interest paid.

Frequently Asked Questions

EMI Calculator FAQs

EMI stands for Equated Monthly Instalment. It is the periodic payment made toward a loan. For a standard fixed-rate reducing-balance loan, an EMI contains both principal and interest.
The standard reducing-balance formula is: EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1) where P is the principal, r is the monthly interest rate and n is the number of monthly instalments.
Generally, yes. Spreading repayment over more months reduces the monthly instalment. However, interest is typically paid over a longer period, which can increase the total interest cost.
No. This calculator estimates the principal and interest components. Processing charges, applicable taxes, insurance, documentation fees and other lender-specific charges are not automatically included.
No. The result is an estimate. Actual EMI and total repayment can vary based on lender methodology, interest type, fees, rounding, disbursement timing, prepayments and the final loan agreement.

Know your EMI. Plan your loan better.

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© 2026 BusinessLoan.Credit. All rights reserved. EMI calculator results are estimates.

Disclaimer: This calculator is provided for informational purposes only. It does not constitute a loan offer, approval or financial advice. Actual interest rates, EMI amounts, fees, taxes, tenure, prepayment charges and other terms are determined by the applicable lender and final loan agreement.

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