EMI Calculator
Plan your loan repayments with our smart & interactive EMI calculator*.
Loan Details
Enter desired loan amount in Indian Rupees. Range: ₹50,000 to ₹1 Crore.
Enter annual interest rate percentage. Typical range: 5% to 25% depending on loan type and credit profile.
Enter loan repayment period in months. Range: 1 to 360 months (30 years).
Estimated Monthly EMI*
Total Principal
₹5,00,000
Total Interest*
₹0
Payment Breakdown*
Principal Amount
₹5,00,000
0.0% of total
Interest Amount*
₹0
0.0% of total
Total Amount Payable*
₹0
How is EMI calculated?
EMI stands for Equated Monthly Installment. It's the fixed amount you pay every month until your loan is fully repaid. The EMI includes both principal and interest components, calculated using the reducing balance method*.
The formula used: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1) where P = principal, r = monthly interest rate, n = number of installments.*Actual calculations may vary by lender. This tool provides estimates only.
Loan Comparison Guide*
*Indicative rates and terms. Actual offers vary by lender, applicant profile, and market conditions. Final terms determined solely by disbursing bank/NBFC.
| Loan Type | Interest Rate Range* | Max Tenure | Processing Fee* | Pre-payment Penalty* |
|---|---|---|---|---|
| New Car Loan | 7.25% - 11.50%* | Up to 7 years | Up to 1%* | Nil to 2%* |
| Used Car Loan | 9.50% - 15.00%* | Up to 5 years | Up to 2%* | Up to 3%* |
| Personal Loan | 10.99% - 18.00%* | Up to 5 years | Up to 2.5%* | Up to 4%* |
| Property Loan | 8.50% - 12.00%* | Up to 20 years | Up to 1%* | Nil to 2%* |
| Commercial Vehicle | 9.50% - 14.00%* | Up to 7 years | Up to 2%* | Up to 3%* |
Rates effective as of 21/3/2026. Subject to change without notice.
Frequently Asked Questions
What factors affect my EMI?
Your EMI is affected by three main factors: the loan amount, interest rate*, and loan tenure. A higher loan amount or interest rate increases your EMI, while a longer tenure reduces monthly payments but increases total interest paid*. Actual rates vary by lender and applicant profile.
Can I pay more than my EMI amount?
Yes, you can make partial prepayments on most loans*. However, some lenders may have prepayment penalties or lock-in periods. Check your specific loan agreement for details. Prepayment policies vary by lender*.
How accurate is this EMI calculator?
This calculator provides an illustrative estimate* based on the inputs you provide. Actual EMI may vary depending on the lender's interest calculation method (reducing balance vs. flat), processing fees, GST, insurance, and other charges. Final terms are determined solely by the disbursing lender*.
Should I choose a longer or shorter loan tenure?
A longer tenure reduces your monthly EMI but increases total interest paid over the loan period. A shorter tenure means higher monthly payments but lower total interest. Choose based on your monthly budget and long-term financial goals. Final tenure options subject to lender policy*.
*Answers are indicative. Final loan terms, eligibility, and approval are determined solely by partner lenders based on comprehensive assessment.