Is the interest rate annual?

Yes, enter the annual rate — we handle the monthly conversion.

Does it consider processing fees?

No, EMI is calculated on principal and interest only.

Yes, standard reducing-balance EMI.

Calculate monthly EMI, total interest and total payment for any loan.

Loan amount (₹)

Interest rate (% p.a.)

Tenure (years)

Monthly EMI

₹ 10,379.18

Total interest

₹ 1,22,750.66

Total payment

₹ 6,22,750.66

Uses the standard EMI formula P·R·(1+R)^N / ((1+R)^N − 1) to compute your monthly payment.

Estimate the future value of a monthly SIP investment.

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Solve common percentage questions instantly.