Home / EMI Calculator

EMI Calculator — Home Loan, Car Loan & Personal Loan

Calculate your monthly EMI for home loan, personal loan, or car loan in seconds. Uses the standard Indian banking formula.

EMI = P × r × (1+r)^n / ((1+r)^n - 1)
₹
₹10K ₹1 Cr
Years
1 Year 30 Years
%
1% 36%

Monthly EMI

₹0

per month for 5 years

Principal Amount

₹0

Total Interest

₹0

Total Amount Payable

₹0

Principal Interest
50% 50%

What is EMI?

EMI (Equated Monthly Instalment) is the fixed amount you pay to your bank or lender every month to repay your loan. Each EMI has two components:

  • Principal Repayment

    The portion that reduces your outstanding loan balance

  • Interest Payment

    The cost of borrowing — calculated on the outstanding balance

Key insight: In early EMIs, the interest portion is higher. As you repay principal, the interest component decreases and principal component increases. This is called loan amortization.

EMI Formula Explained

EMI = P × r × (1 + r)^n

        ÷ ((1 + r)^n - 1)

P = Principal loan amount (₹)
r = Monthly interest rate (Annual Rate ÷ 12 ÷ 100)
n = Number of monthly instalments (Years × 12)

Example: ₹10 Lakh, 8.5% p.a., 5 years → r = 0.007083, n = 60 → EMI = ₹20,517/mo

All EMI Calculations

Explore pre-calculated EMIs for common loan amounts, tenures, and interest rates

₹1 Lakh Loan

Tenure @ 7% @ 7.5% @ 8% @ 8.5% @ 9% @ 10% @ 11% @ 12%
1 Year ₹8,653 /month → ₹8,676 /month → ₹8,699 /month → ₹8,722 /month → ₹8,745 /month → ₹8,792 /month → ₹8,838 /month → ₹8,885 /month →
2 Years ₹4,477 /month → ₹4,500 /month → ₹4,523 /month → ₹4,546 /month → ₹4,568 /month → ₹4,614 /month → ₹4,661 /month → ₹4,707 /month →
3 Years ₹3,088 /month → ₹3,111 /month → ₹3,134 /month → ₹3,157 /month → ₹3,180 /month → ₹3,227 /month → ₹3,274 /month → ₹3,321 /month →
5 Years ₹1,980 /month → ₹2,004 /month → ₹2,028 /month → ₹2,052 /month → ₹2,076 /month → ₹2,125 /month → ₹2,174 /month → ₹2,224 /month →
7 Years ₹1,509 /month → ₹1,534 /month → ₹1,559 /month → ₹1,584 /month → ₹1,609 /month → ₹1,660 /month → ₹1,712 /month → ₹1,765 /month →

₹2 Lakh Loan

Tenure @ 7% @ 7.5% @ 8% @ 8.5% @ 9% @ 10% @ 11% @ 12%
1 Year ₹17,305 /month → ₹17,351 /month → ₹17,398 /month → ₹17,444 /month → ₹17,490 /month → ₹17,583 /month → ₹17,676 /month → ₹17,770 /month →
2 Years ₹8,955 /month → ₹9,000 /month → ₹9,045 /month → ₹9,091 /month → ₹9,137 /month → ₹9,229 /month → ₹9,322 /month → ₹9,415 /month →
3 Years ₹6,175 /month → ₹6,221 /month → ₹6,267 /month → ₹6,314 /month → ₹6,360 /month → ₹6,453 /month → ₹6,548 /month → ₹6,643 /month →
5 Years ₹3,960 /month → ₹4,008 /month → ₹4,055 /month → ₹4,103 /month → ₹4,152 /month → ₹4,249 /month → ₹4,348 /month → ₹4,449 /month →
7 Years ₹3,019 /month → ₹3,068 /month → ₹3,117 /month → ₹3,167 /month → ₹3,218 /month → ₹3,320 /month → ₹3,424 /month → ₹3,531 /month →

₹3 Lakh Loan

Tenure @ 7% @ 7.5% @ 8% @ 8.5% @ 9% @ 10% @ 11% @ 12%
1 Year ₹25,958 /month → ₹26,027 /month → ₹26,097 /month → ₹26,166 /month → ₹26,235 /month → ₹26,375 /month → ₹26,514 /month → ₹26,655 /month →
2 Years ₹13,432 /month → ₹13,500 /month → ₹13,568 /month → ₹13,637 /month → ₹13,705 /month → ₹13,843 /month → ₹13,982 /month → ₹14,122 /month →
3 Years ₹9,263 /month → ₹9,332 /month → ₹9,401 /month → ₹9,470 /month → ₹9,540 /month → ₹9,680 /month → ₹9,822 /month → ₹9,964 /month →
5 Years ₹5,940 /month → ₹6,011 /month → ₹6,083 /month → ₹6,155 /month → ₹6,228 /month → ₹6,374 /month → ₹6,523 /month → ₹6,673 /month →
7 Years ₹4,528 /month → ₹4,601 /month → ₹4,676 /month → ₹4,751 /month → ₹4,827 /month → ₹4,980 /month → ₹5,137 /month → ₹5,296 /month →

₹5 Lakh Loan

Tenure @ 7% @ 7.5% @ 8% @ 8.5% @ 9% @ 10% @ 11% @ 12%
1 Year ₹43,263 /month → ₹43,379 /month → ₹43,494 /month → ₹43,610 /month → ₹43,726 /month → ₹43,958 /month → ₹44,191 /month → ₹44,424 /month →
2 Years ₹22,386 /month → ₹22,500 /month → ₹22,614 /month → ₹22,728 /month → ₹22,842 /month → ₹23,072 /month → ₹23,304 /month → ₹23,537 /month →
3 Years ₹15,439 /month → ₹15,553 /month → ₹15,668 /month → ₹15,784 /month → ₹15,900 /month → ₹16,134 /month → ₹16,369 /month → ₹16,607 /month →
5 Years ₹9,901 /month → ₹10,019 /month → ₹10,138 /month → ₹10,258 /month → ₹10,379 /month → ₹10,624 /month → ₹10,871 /month → ₹11,122 /month →
7 Years ₹7,546 /month → ₹7,669 /month → ₹7,793 /month → ₹7,918 /month → ₹8,045 /month → ₹8,301 /month → ₹8,561 /month → ₹8,826 /month →

₹10 Lakh Loan

Tenure @ 7% @ 7.5% @ 8% @ 8.5% @ 9% @ 10% @ 11% @ 12%
1 Year ₹86,527 /month → ₹86,757 /month → ₹86,988 /month → ₹87,220 /month → ₹87,451 /month → ₹87,916 /month → ₹88,382 /month → ₹88,849 /month →
2 Years ₹44,773 /month → ₹45,000 /month → ₹45,227 /month → ₹45,456 /month → ₹45,685 /month → ₹46,145 /month → ₹46,608 /month → ₹47,073 /month →
3 Years ₹30,877 /month → ₹31,106 /month → ₹31,336 /month → ₹31,568 /month → ₹31,800 /month → ₹32,267 /month → ₹32,739 /month → ₹33,214 /month →
5 Years ₹19,801 /month → ₹20,038 /month → ₹20,276 /month → ₹20,517 /month → ₹20,758 /month → ₹21,247 /month → ₹21,742 /month → ₹22,244 /month →
7 Years ₹15,093 /month → ₹15,338 /month → ₹15,586 /month → ₹15,836 /month → ₹16,089 /month → ₹16,601 /month → ₹17,122 /month → ₹17,653 /month →

₹15 Lakh Loan

Tenure @ 7% @ 7.5% @ 8% @ 8.5% @ 9% @ 10% @ 11% @ 12%
1 Year ₹1,29,790 /month → ₹1,30,136 /month → ₹1,30,483 /month → ₹1,30,830 /month → ₹1,31,177 /month → ₹1,31,874 /month → ₹1,32,572 /month → ₹1,33,273 /month →
2 Years ₹67,159 /month → ₹67,499 /month → ₹67,841 /month → ₹68,184 /month → ₹68,527 /month → ₹69,217 /month → ₹69,912 /month → ₹70,610 /month →
3 Years ₹46,316 /month → ₹46,659 /month → ₹47,005 /month → ₹47,351 /month → ₹47,700 /month → ₹48,401 /month → ₹49,108 /month → ₹49,821 /month →
5 Years ₹29,702 /month → ₹30,057 /month → ₹30,415 /month → ₹30,775 /month → ₹31,138 /month → ₹31,871 /month → ₹32,614 /month → ₹33,367 /month →
7 Years ₹22,639 /month → ₹23,007 /month → ₹23,379 /month → ₹23,755 /month → ₹24,134 /month → ₹24,902 /month → ₹25,684 /month → ₹26,479 /month →

₹20 Lakh Loan

Tenure @ 7% @ 7.5% @ 8% @ 8.5% @ 9% @ 10% @ 11% @ 12%
1 Year ₹1,73,053 /month → ₹1,73,515 /month → ₹1,73,977 /month → ₹1,74,440 /month → ₹1,74,903 /month → ₹1,75,832 /month → ₹1,76,763 /month → ₹1,77,698 /month →
2 Years ₹89,545 /month → ₹89,999 /month → ₹90,455 /month → ₹90,911 /month → ₹91,369 /month → ₹92,290 /month → ₹93,216 /month → ₹94,147 /month →
3 Years ₹61,754 /month → ₹62,212 /month → ₹62,673 /month → ₹63,135 /month → ₹63,599 /month → ₹64,534 /month → ₹65,477 /month → ₹66,429 /month →
5 Years ₹39,602 /month → ₹40,076 /month → ₹40,553 /month → ₹41,033 /month → ₹41,517 /month → ₹42,494 /month → ₹43,485 /month → ₹44,489 /month →
7 Years ₹30,185 /month → ₹30,677 /month → ₹31,172 /month → ₹31,673 /month → ₹32,178 /month → ₹33,202 /month → ₹34,245 /month → ₹35,305 /month →

₹25 Lakh Loan

Tenure @ 7% @ 7.5% @ 8% @ 8.5% @ 9% @ 10% @ 11% @ 12%
1 Year ₹2,16,317 /month → ₹2,16,894 /month → ₹2,17,471 /month → ₹2,18,049 /month → ₹2,18,629 /month → ₹2,19,790 /month → ₹2,20,954 /month → ₹2,22,122 /month →
2 Years ₹1,11,931 /month → ₹1,12,499 /month → ₹1,13,068 /month → ₹1,13,639 /month → ₹1,14,212 /month → ₹1,15,362 /month → ₹1,16,520 /month → ₹1,17,684 /month →
3 Years ₹77,193 /month → ₹77,766 /month → ₹78,341 /month → ₹78,919 /month → ₹79,499 /month → ₹80,668 /month → ₹81,847 /month → ₹83,036 /month →
5 Years ₹49,503 /month → ₹50,095 /month → ₹50,691 /month → ₹51,291 /month → ₹51,896 /month → ₹53,118 /month → ₹54,356 /month → ₹55,611 /month →
7 Years ₹37,732 /month → ₹38,346 /month → ₹38,966 /month → ₹39,591 /month → ₹40,223 /month → ₹41,503 /month → ₹42,806 /month → ₹44,132 /month →

₹30 Lakh Loan

Tenure @ 7% @ 7.5% @ 8% @ 8.5% @ 9% @ 10% @ 11% @ 12%
1 Year ₹2,59,580 /month → ₹2,60,272 /month → ₹2,60,965 /month → ₹2,61,659 /month → ₹2,62,354 /month → ₹2,63,748 /month → ₹2,65,145 /month → ₹2,66,546 /month →
2 Years ₹1,34,318 /month → ₹1,34,999 /month → ₹1,35,682 /month → ₹1,36,367 /month → ₹1,37,054 /month → ₹1,38,435 /month → ₹1,39,824 /month → ₹1,41,220 /month →
3 Years ₹92,631 /month → ₹93,319 /month → ₹94,009 /month → ₹94,703 /month → ₹95,399 /month → ₹96,802 /month → ₹98,216 /month → ₹99,643 /month →
5 Years ₹59,404 /month → ₹60,114 /month → ₹60,829 /month → ₹61,550 /month → ₹62,275 /month → ₹63,741 /month → ₹65,227 /month → ₹66,733 /month →
7 Years ₹45,278 /month → ₹46,015 /month → ₹46,759 /month → ₹47,509 /month → ₹48,267 /month → ₹49,804 /month → ₹51,367 /month → ₹52,958 /month →

₹50 Lakh Loan

Tenure @ 7% @ 7.5% @ 8% @ 8.5% @ 9% @ 10% @ 11% @ 12%
1 Year ₹4,32,634 /month → ₹4,33,787 /month → ₹4,34,942 /month → ₹4,36,099 /month → ₹4,37,257 /month → ₹4,39,579 /month → ₹4,41,908 /month → ₹4,44,244 /month →
2 Years ₹2,23,863 /month → ₹2,24,998 /month → ₹2,26,136 /month → ₹2,27,278 /month → ₹2,28,424 /month → ₹2,30,725 /month → ₹2,33,039 /month → ₹2,35,367 /month →
3 Years ₹1,54,385 /month → ₹1,55,531 /month → ₹1,56,682 /month → ₹1,57,838 /month → ₹1,58,999 /month → ₹1,61,336 /month → ₹1,63,694 /month → ₹1,66,072 /month →
5 Years ₹99,006 /month → ₹1,00,190 /month → ₹1,01,382 /month → ₹1,02,583 /month → ₹1,03,792 /month → ₹1,06,235 /month → ₹1,08,712 /month → ₹1,11,222 /month →
7 Years ₹75,463 /month → ₹76,691 /month → ₹77,931 /month → ₹79,182 /month → ₹80,445 /month → ₹83,006 /month → ₹85,612 /month → ₹88,264 /month →

About EMI Calculation in India

In India, most banks and NBFCs use the reducing balance method to calculate EMI. This means interest is charged only on the outstanding loan balance, not the original loan amount. As you repay principal each month, the interest component reduces.

Major banks like SBI, HDFC, ICICI, Axis, and Kotak all use this standard formula. Our FincalcX EMI calculator uses the exact same formula, ensuring your calculations match what your bank would show.

Factors affecting your EMI: Loan amount (higher loan = higher EMI), Tenure (longer tenure = lower EMI but more total interest), Interest rate (higher rate = higher EMI), and processing fees (not included in EMI but added to loan cost).