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Loan EMI Calculator — Home, Business & Personal Loans
Enter the loan amount, the yearly interest rate and the tenure. The calculator shows your monthly EMI, the total interest and the total amount you will repay, using the standard reducing-balance formula banks use.
Fill in the details — your result appears here instantly.
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Loan EMI Calculator — common questions
How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (yearly rate ÷ 12 ÷ 100) and n is the number of monthly instalments.
Does a longer tenure reduce my cost?
A longer tenure lowers the EMI but increases the total interest you pay. Part-prepayments early in the loan save the most interest.
Is home loan interest tax-deductible?
Under the old regime, interest on a self-occupied home loan is deductible up to ₹2 lakh a year (Section 24(b)) and principal under Section 80C. Use our home loan tax benefit tool to see the saving.
This tool gives an estimate based on the rules shown. Your actual figure depends on your full details — our expert confirms it before any filing.
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