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EMI Calculator India

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

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

How to Use the EMI Calculator

01

Enter Loan Amount

Type or use the slider to set your loan amount — from ₹1 lakh to ₹1 crore.

02

Set Loan Tenure

Choose repayment period in years. Longer tenure = lower EMI but higher total interest.

03

Enter Interest Rate

Enter your bank's annual interest rate. Check your loan sanction letter or bank website.

04

View Results

Instantly see your monthly EMI, total interest payable, and full amortization schedule.

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).

FAQ

What is EMI?

EMI (Equated Monthly Instalment) is a fixed monthly payment made to a lender to repay a loan. Each payment covers both the principal and interest, calculated using the reducing balance method.

How is EMI calculated in India?

EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n −1), where P is the principal amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the total number of months.

Does a longer tenure reduce EMI?

Yes. A longer tenure lowers your monthly EMI but increases the total interest paid over the loan period. A shorter tenure means higher EMI but lower total cost.

What is the EMI for a ₹10 lakh home loan?

For a ₹10 lakh loan at 8.5% per annum for 5 years, the EMI is ₹20,517 per month. Use the calculator above to check any combination.

Is this EMI calculator free?

Yes. FincalcX EMI Calculator is completely free — no login, no signup, and no data is stored. All calculations happen in your browser.