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Home Loan EMI Calculator

Enter the loan amount, interest rate and tenure to see the monthly EMI, total interest and total payable.

Monthly EMI–
Total interest–
Total payment–
How it works

About this tool

EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r the monthly interest rate and n the number of months. Your bank's figure may differ slightly because of fees and rounding.

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Questions

Is this emi calculator free?

Yes. It is free to use, needs no sign-up and runs in your browser, so the numbers you enter are not sent to us.

How accurate is it?

EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r the monthly interest rate and n the number of months. Your bank's figure may differ slightly because of fees and rounding.

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