EMI Calculator
Monthly EMI: ₹0
Amortization Schedule
| Month | EMI | Principal | Interest | Balance |
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Loan EMI Calculator
The Loan EMI Calculator helps you calculate your monthly repayment amount (EMI) for any loan based on the loan amount, interest rate, and tenure. It’s useful for home, car, and personal loan planning.
Formula:
EMI = [P × R × (1 + R)N] ÷ [(1 + R)N − 1]
Where:
- P = Loan Amount
- R = Monthly Interest Rate
- N = Loan Tenure in Months
Steps to Use the Calculator:
- Enter the Loan Amount in ₹.
- Enter the Annual Interest Rate (%).
- Enter the Loan Tenure in years.
- Click on Calculate to get your monthly EMI.
Example:
If your loan amount is ₹5,00,000, interest rate is 9% annually, and tenure is 10 years:
Loan EMI Calculators for All Indian Banks
Our all-in-one loan EMI calculator helps you calculate monthly EMIs for all types of loans – including home loan, car loan, personal loan, education loan, and gold loan. Whether you're planning to borrow from a private or public sector bank, our calculator supports a wide range of Indian banks.
Simply enter the loan amount, interest rate, and tenure to get accurate EMI results instantly. Our calculator is suitable for salaried individuals, self-employed professionals, and anyone looking to manage their finances better.
Supported Banks:
- PNB Home Loan EMI Calculator, Personal Loan & Gold Loan
- SBI EMI Calculator for Home, Car, and Education Loans
- HDFC Loan Calculator – Home, Personal & Gold Loans
- ICICI Bank EMI Calculator – Personal & Car Loans
- Axis Bank Loan Calculator – Home & Gold Loans
- Canara Bank Home Loan EMI Calculator
- Bank of Baroda EMI Calculator – All Loan Types
- IDFC First Bank Loan Calculator
- Kotak Mahindra Bank EMI Calculator
- Federal Bank, Union Bank, Indian Bank & more
You can also use this calculator to check your monthly installment for fixed interest rate loans or floating interest rate options. Whether you're comparing bank loan offers or preplanning your budget, this tool is reliable and easy to use.
Popular Use Cases:
- Compare EMI for SBI vs PNB Home Loan
- Estimate EMI for Axis Bank Car Loan
- Check monthly payments for HDFC Gold Loan
- Use as a Personal Loan EMI Calculator for any bank
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Loan EMI Calculator – FAQs
1. What is a Loan EMI?
EMI stands for Equated Monthly Installment. It is the fixed amount you pay every month to repay your loan, which includes both principal and interest.
2. How does the EMI Calculator work?
The EMI Calculator uses a formula based on loan amount, interest rate, and tenure to calculate your monthly installment. It's quick, accurate, and easy to use.
3. Can I use this EMI Calculator for a Home Loan?
Yes, this loan EMI calculator works for all types of loans including home loans, car loans, and personal loans.
4. What is the formula used for EMI calculation?
EMI = [P × R × (1 + R)N] ÷ [(1 + R)N − 1], where P is the loan amount, R is the monthly interest rate, and N is the number of months.
5. Will the EMI change if I prepay my loan?
Yes, prepaying your loan can reduce either the EMI amount or the loan tenure. You can use our Loan Prepayment Calculator to estimate the savings.
6. Is this EMI Calculator free to use?
Yes, our online EMI Calculator is completely free and requires no sign-up or personal details.