EMI Calculator for India

Free EMI calculator for India. Calculate home, personal & car loan EMI with SBI, HDFC, ICICI rates.

Typical rates: 6-15% · Common lenders: SBI, HDFC Bank, ICICI Bank, Axis Bank

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How to Use

  1. Enter the loan amount in your local currency.
  2. Set the annual interest rate and loan tenure.
  3. Click Calculate to see EMI, total interest, and the amortization table.

About this EMI calculator

Use this tool to plan home loans, car loans, or personal loans. Localized for India with currency ₹.

The amortization table shows how each year of payments splits between interest and principal as your balance declines.

Frequently Asked Questions

What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay each month toward a loan, covering both principal and interest.
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly interest rate, and n is number of months.
Does a longer tenure reduce EMI?
Yes, longer tenure lowers monthly EMI but usually increases total interest paid over the life of the loan.
Can I download the amortization schedule?
Yes. Use the PDF export button after calculating to download a year-by-year amortization summary.

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