Loan EMI Calculator — What Will the Monthly Instalment Be?

Before taking a car, home or personal loan, work out the monthly instalment, total payment and total interest — so there are no surprises. No signup, everything in your browser.

Loan amount (Rs) Annual interest rate (% per year) Term (months)

Monthly Instalment (EMI)

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Total Payment

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Total Interest

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How to Use

Enter the loan amount — how much you want to borrow.
Enter the annual interest rate — the % the bank quoted (for example 18%).
Enter the term in months — for example 36 or 60 months for a car.
Press Find the EMI — the monthly instalment, total payment and total interest will appear.

Frequently Asked Questions

What is the EMI formula?

EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r is the monthly rate (annual rate ÷ 12) and n is the total months.

Why might this estimate differ a little from the bank's figure?

The bank also charges a processing fee, insurance and taxes, which are not included in this calculator — so this is a plain estimate, not the bank's final offer.

What is the EMI at zero interest?

At a 0% rate, the EMI is simply the loan ÷ months — there is no interest.

Disclaimer: This tool is only for estimates — it is not a bank offer or advice. The final instalment depends on the bank's terms.