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EMI Calculator

Calculate monthly EMI, total interest, and total payment for a loan given principal, rate, and tenure.

Interest is compounded monthly on the reducing balance — the standard method banks use — so the interest portion of each EMI shrinks and the principal portion grows over the loan's life, even though the EMI itself stays constant.

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Frequently Asked Questions

Yes — that's the definition of an EMI (Equated Monthly Installment). What changes month to month is the split between interest and principal within that fixed payment, not the payment itself.

Tenure up to 480 months (40 years) and any annual interest rate from 0% to 100%, useful for home, auto, or personal loans.

No — it calculates pure EMI, total interest, and total payment from principal, rate, and tenure only. Add any processing fee separately if your lender charges one.