EMI Calculator
See what a loan would cost you every month before you borrow. Enter an amount, interest rate, and tenure to estimate your EMI, total interest, and total repayment. This is an educational estimate — your actual figures are set by the lender.
Plan your monthly payment
Enter amount, rate, and tenure, then calculate your EMI instantly.
Change any value and press Calculate to refresh the result.
Indicative estimate only. Actual EMI depends on the lender's rate, fees, and terms.
What is an EMI?
EMI stands for Equated Monthly Instalment — the fixed amount you repay to a lender each month until the loan is cleared. Each EMI has two parts: principal (the borrowed amount) and interest (the lender's charge). In the early months, more of your EMI goes towards interest; later, more goes towards principal.
How EMI is calculated
Most loans in India use the reducing-balance method. The EMI is derived from three inputs: the loan amount (P), the monthly interest rate (R), and the number of months (N). A longer tenure lowers your monthly EMI but increases the total interest you pay over the life of the loan — so the cheapest monthly payment is rarely the cheapest loan.
Tips to lower your EMI
- Improve your credit score to qualify for a lower interest rate.
- Make a larger down payment to reduce the principal.
- Compare offers from multiple lenders before committing.
- Consider prepayment to cut total interest (check prepayment charges first).
What loans actually cost
LoanSathi is an independent loan-comparison and education service — we do not lend money and we do not decide your rate. The figures below are illustrative ranges across our partner lenders so you can understand the true cost of borrowing before you apply anywhere. Your actual rate, fees, and eligibility are set by the lender based on your profile.
Min 3 months (short-term & gold loans) to max 360 months (home loans).
APR includes interest plus typical fees. Lowest rates go to high-credit, secured borrowers.
Processing fee. Some lenders add documentation, prepayment, or late-payment charges.
If you borrow a personal loan of ₹1,00,000 over a 24-month term at a representative 14% p.a. (reducing balance) interest rate, with a 2% + 18% GST processing fee (₹2,360), you would pay a monthly EMI of about ₹4,802. Total interest over the term is about ₹15,248, so the total amount repayable is about ₹1,17,608 (principal ₹1,00,000 + interest ₹15,248 + fees ₹2,360), giving a representative APR of about 17.5%.
This example is for illustration only and is not an offer of credit. Actual interest rate, APR, fees, EMI, and eligibility vary by lender, loan type, amount, tenure, credit score, and income. Always read the lender's sanction letter and Key Fact Statement before signing. Terms & conditions apply. See our disclaimer.