Antokia
EMI Calculator
Calculate your estimated monthly EMI, total interest and total loan payment using our free online EMI Calculator.
Loan Details
Estimated EMI Results
Monthly EMI
₹17,356
What is an EMI Calculator?
An EMI Calculator is a financial planning tool that helps you estimate the monthly instalment payable on a loan. By entering the loan amount, annual interest rate and loan tenure, you can calculate the estimated monthly EMI, total interest and total amount payable over the selected loan period.
The calculator can be used for hypothetical home loan, personal loan, car loan and other similar repayment calculations. The result is an estimate and may differ from the actual repayment schedule provided by a lender.
How to Use the EMI Calculator
Enter Loan Amount
Enter the amount you plan to borrow from the lender.
Enter Interest Rate
Enter the expected annual interest rate applicable to the loan.
Select Loan Tenure
Choose the number of years over which you plan to repay the loan.
EMI Calculator Formula
The calculator uses the standard reducing-balance EMI formula to estimate the monthly loan instalment.
EMI = P × r × (1 + r)ⁿ ÷ [(1 + r)ⁿ − 1]
r = Monthly interest rate
n = Total number of monthly instalments
EMI = Estimated monthly instalment
Why Use an EMI Calculator?
Plan Loan Repayment
Estimate your monthly repayment before comparing different loan amounts and repayment periods.
Understand Interest Cost
See the estimated interest component and total payment over the selected loan tenure.
Compare Loan Scenarios
Change the loan amount, interest rate and tenure to compare different hypothetical repayment scenarios.
Free Online Tool
Use the calculator directly in your browser without registration.