Calculate EMI for home loans, car loans, and personal loans instantly. See total interest, monthly payment breakdown, and visual charts. Updated for 2025 interest rates.
Monthly EMI
₹21,247
for 60 months (5 years)
Interest per Rs. 1 Lakh
₹27,482
Total EMIs
60 payments
EMI Formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]
Where P = Principal, R = Monthly Interest Rate, N = Number of Monthly Installments
Calculate EMI for any loan amount
Home loan, car loan, personal loan support
Adjustable interest rates (1% to 30%)
Flexible tenure (1 to 30 years)
Visual breakdown of principal vs interest
See total interest payable
Pie chart visualization
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Plan your home loan EMI and understand total cost before applying for a housing loan.
Compare different car loan options and find the best EMI for your monthly budget.
Plan personal loans and understand the true cost of borrowing before taking a loan.
Compare offers from different banks by calculating EMI at various interest rates.
Determine affordable loan amount based on your monthly budget and income.
Calculate how prepayment affects your EMI and total interest savings.
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The easiest way to plan your loan repayments and understand true borrowing costs
Get EMI results instantly as you adjust loan parameters.
See principal vs interest split with clear pie chart visualization.
Calculate EMI for any interest rate from 1% to 30%.
Support for loan tenures from 1 year to 30 years.
See exactly how much interest you will pay over the loan term.
Designed for Indian loans with rupee formatting and relevant examples.
Common home loan EMIs at 8.5% interest rate (approximate values)
| Loan Amount | Interest Rate | Tenure | Monthly EMI |
|---|---|---|---|
| 10 Lakh | 8.5% | 15 yr | Rs 9,847 |
| 20 Lakh | 8.5% | 20 yr | Rs 17,356 |
| 30 Lakh | 8.5% | 20 yr | Rs 26,035 |
| 50 Lakh | 8.5% | 20 yr | Rs 43,391 |
| 75 Lakh | 8.5% | 25 yr | Rs 60,390 |
| 1 Crore | 8.5% | 25 yr | Rs 80,520 |
Approximate interest rate ranges from major banks and NBFCs
| Loan Type | Rate Range | Typical Rate |
|---|---|---|
| Home Loan | 8.25% - 9.50% | 8.50% |
| Car Loan (New) | 7.50% - 11.00% | 9.00% |
| Car Loan (Used) | 10.00% - 15.00% | 12.00% |
| Personal Loan | 10.50% - 18.00% | 12.00% |
| Education Loan | 8.50% - 12.00% | 10.00% |
| Gold Loan | 7.00% - 14.00% | 9.00% |
Rates as of January 2025. Actual rates depend on credit score, loan amount, and bank policies.
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]P = Principal loan amount
R = Monthly interest rate (Annual rate / 12 / 100)
N = Number of monthly installments (Years x 12)
Example: For Rs 50 lakh loan at 8.5% for 20 years: P = 50,00,000, R = 8.5/12/100 = 0.00708, N = 240 months. EMI = Rs 43,391 per month.
More free calculators for financial planning
EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each month. EMI includes both principal and interest components. In the early years of a loan, the interest component is higher, and the principal component gradually increases over time. This is called the reducing balance method, used by most Indian banks for home loans and car loans.
Three main factors determine your EMI: 1) Loan Amount - Higher principal means higher EMI, 2) Interest Rate - Even 0.5% difference can save lakhs over loan tenure, 3) Loan Tenure - Longer tenure reduces EMI but increases total interest. Your CIBIL score directly affects the interest rate you qualify for, impacting your EMI significantly.
1) Keep total EMIs under 40% of your monthly income for financial health. 2) Make part prepayments whenever you have surplus funds to reduce interest burden. 3) Consider loan tenure carefully - lower EMI with longer tenure means more interest. 4) Compare offers from multiple banks before finalizing. 5) Consider balance transfer if you find significantly lower rates elsewhere. 6) Set up auto-debit to avoid missing EMI payments and damaging your CIBIL score.
Home loans have the lowest interest rates (8-10%) and longest tenures (up to 30 years), resulting in lower EMI per lakh borrowed. Car loans have moderate rates (8-12%) and shorter tenures (up to 7 years). Personal loans have highest rates (10-18%) and shortest tenures (up to 5 years), making their EMI per lakh the highest. Always evaluate the true cost by looking at total interest paid, not just monthly EMI.