EMI Calculator
Calculate your monthly EMI for any loan with detailed breakdown
EMI Calculator
Enter loan details to calculate your monthly EMI
About Our Free EMI Calculator
Our comprehensive EMI calculator is a powerful financial tool that helps you determine your monthly Equated Monthly Installment (EMI) for any type of loan. Whether you're planning for a home loan, personal loan, car loan, or education loan, this free online calculator provides accurate calculations with detailed breakdowns of your monthly payment, total interest, and total amount payable.
Key Features:
- Universal Loan Support: Calculate EMI for home loans, personal loans, car loans, education loans, and more
- Accurate Calculations: Uses standard EMI formula for precise monthly installment calculations
- Quick Select Options: Pre-set interest rates for common loan types (Home Loan 8.5%, Personal Loan 12%, Credit Card 15%)
- Detailed Breakdown: Get principal amount, total interest, and total payment details
- Interest Analysis: See interest percentage and average interest per month
- Flexible Inputs: Support for loan amounts from ₹1,000 to ₹10,00,00,000
- Tenure Support: Calculate EMI for loan tenures from 1 to 30 years
- 100% Free: No registration required, completely free to use
How to Use:
- Enter your loan amount (₹1,000 to ₹10,00,00,000)
- Enter the annual interest rate (0.1% to 30%)
- Enter the loan tenure in years (1 to 30 years)
- Use quick select buttons for common loan types if needed
- Click "Calculate EMI" to get instant results
Common Use Cases:
- Home loan planning and budgeting
- Personal loan affordability assessment
- Car loan EMI calculation
- Education loan planning
- Loan comparison and analysis
- Financial planning and budgeting
Frequently Asked Questions
Our EMI calculator uses the standard EMI formula used by banks and financial institutions. It provides 100% accurate calculations for any loan amount, interest rate, and tenure combination.
We use the standard EMI formula: EMI = [P x R x (1+R)^N] / [(1+R)^N - 1], where P is the principal amount, R is the monthly interest rate, and N is the number of monthly installments.
Yes! Our calculator works for all types of loans including home loans, personal loans, car loans, education loans, business loans, and any other loan type. Just enter the loan amount, interest rate, and tenure.
Absolutely! Our EMI calculator is completely free to use with no registration required. You can calculate EMI for unlimited loan scenarios without any cost or limitations.