Calculate your loan payments instantly
We're dedicated to making financial planning accessible, transparent, and accurate for every Indian borrower. Since launching, we've helped over 1+ million users make informed loan decisions.
EMI Calculator was founded with a simple mission: Empower Indians to make smarter financial decisions through transparent, accurate loan calculations and comprehensive financial education.
The team behind EMI Calculator includes:
Accuracy First: We use the exact same formulas that banks use. Every calculation has been verified against real bank statements and loan offers.
Updated for Latest Rules: Our content reflects current 2026 Indian tax laws, including:
Comprehensive Guides: We don't just calculate your EMI – we explain:
Loan Types: Home Loans, Car Loans, Personal Loans, Education Loans
Coverage: All major Indian banks and NBFCs including:
Verification: Our calculators and guides are:
The multi-purpose loan calculator is a 4-in-1 calculator that aims to answer your questions such as:
These four calculators aim to address all the above questions, and more, with an easy-to-use and intuitive interface that provides instantaneous answers.
When you're borrowing money, the interest rate is just one part of the story. Banks don't just charge interest – they also levy processing fees, documentation charges, and other non-refundable costs. This is where APR (Annual Percentage Rate) comes in.
APR is the true cost of your loan. It includes:
Loan APR is expressed as a yearly percentage and represents your true effective cost of borrowing. For banks, it's their internal rate of return (IRR) on the loan.
Real-world example: Suppose you buy a laptop worth ₹40,000 under a "zero EMI scheme" with 6 months tenure. The bank charges ₹1,600 as processing fees. Your monthly EMI is ₹6,667 (₹40,000 ÷ 6). Sounds like 0% interest, right? Wrong! When you factor in the processing fee, your actual APR works out to 14.15% yearly. You're paying ₹1,600 extra to borrow ₹40,000 for 6 months – that's expensive!
Key takeaway: Always compare loans using APR, not just the advertised interest rate. It gives you the complete picture of what you're actually paying.
This is our most popular tool. You know how much you want to borrow, the interest rate your bank is offering, and the tenure you prefer. But what will your monthly EMI be?
Our EMI calculator answers this instantly. Just enter:
You'll instantly see your monthly EMI, total interest paid, and a complete payment schedule. You can also download this schedule as PDF or Excel to share with your bank or financial advisor.
Planning to buy a home or car but don't know how much you can afford? This calculator works backwards from your EMI capacity.
Instead of "How much will I pay monthly?", it answers "How much can I borrow with ₹50,000 monthly EMI?"
This is useful when:
Simply enter your affordable monthly EMI, the interest rate, and tenure – and we'll show you the maximum loan amount you can qualify for.
Refinancing your loan at a lower rate? Want to know if you can pay it off faster by increasing your EMI?
This calculator helps you calculate the remaining tenure on your loan. Perfect for:
Example: You borrowed ₹20 lakhs at 9% for 20 years. After 5 years of payments, interest rates drop to 7%. If you refinance and keep your EMI the same, your tenure might reduce to 15 years instead of 20. This calculator shows you exactly how long.
Ever bought a gadget on "0% EMI" and wondered if that's really true? This calculator reveals the actual interest rate hidden in those schemes.
Use it when you have:
We'll calculate the true interest rate you're paying. You might be shocked!
Example: You bought a TV for ₹60,000 on a "0% EMI" scheme for 12 months. Your monthly EMI is ₹5,500. The true interest rate? About 11.5%! The dealer hides this cost in a processing fee.
There are many EMI calculators online, but ours is built specifically for Indian borrowers with Indian examples, Indian loan types, and a focus on practical financial planning. We explain not just the "how" but also the "why" – so you make informed decisions about your loans.
Read detailed guides for specific loan types: