EMI calculator for home, car and personal loans

Find your monthly EMI, total interest and the full repayment schedule. Add the processing fee with GST and see how prepayments shorten your loan.

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How to use this tool

Choose the loan type Home, car, personal or education loan. Each fills typical numbers you can change.
Enter amount, rate and tenure Type the numbers or move the sliders. The EMI updates instantly.
Read your EMI and total cost See the monthly EMI, total interest and total payment, with a chart of principal vs interest.
Try prepayments and fees Add a yearly prepayment to see months and interest saved. Add the processing fee to see the real yearly cost.
Check the schedule Switch between yearly and monthly rows, and download the schedule as CSV.

Prepaying early in the loan saves the most interest.
RBI: no prepayment charges on floating-rate loans to individuals (non-business) sanctioned or renewed from 1 January 2026.
Ask your bank whether a prepayment cuts the tenure or the EMI; this tool cuts the tenure.

Uses the standard reducing-balance EMI formula shown under the schedule.
Banks may round differently or charge broken-period interest, so small differences are normal.
Floating rates change over time; this shows today’s rate for the full tenure.

EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1). P is the loan, r is the yearly rate ÷ 12 ÷ 100, and n is the number of months.

About ₹21,737 a month. Type the numbers above to check any loan.

Banks usually keep the EMI and shorten the tenure, which saves the most interest. This calculator does the same.

Banks may round, charge interest for the days before the first EMI, or use a slightly different rate. The difference is usually small.

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