EMI calculator
Your monthly instalment, the total interest and the total you repay, for any loan.
About this tool
An EMI (equated monthly instalment) stays the same each month; early instalments are mostly interest and later ones mostly principal.
The calculation uses the standard reducing-balance formula banks use. Processing fees and insurance are not included.
Questions
Does a longer tenure lower my cost?
It lowers the EMI but raises the total interest. Compare both numbers before choosing.
Developers: this page runs on the Money calculators API (GET /v1/calc/emi). Free, open source, no key for most of it.