EMI Calculator India – Loan EMI in INR
The EMI calculator uses the standard reducing-balance formula used for most Indian rupee loans. Enter the loan amount, annual interest rate and tenure in months to see the instalment, total repayment and interest.
How to use this calculator
The EMI calculator uses the standard reducing-balance formula used for most Indian rupee loans. Enter the loan amount, annual interest rate and tenure in months to see the instalment, total repayment and interest. Results stay in your browser. They are estimates, not financial, tax or medical advice.
Frequently asked questions
What is the EMI formula?
With monthly rate r = annual rate / 1200 and n months, EMI = P × r × (1+r)^n / ((1+r)^n − 1). If the rate is 0, EMI is principal divided by n.
Can I use this for home and personal loans?
Yes, as a planning estimate. Lenders may add fees, insurance or a different day-count convention.