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EMI Calculator India

Estimate a fixed-rate loan with an explicit month-by-month repayment schedule and a reconciled final payment.

Runs in your browser · No signup or saved history

Your calculation assumptions

Enter plain numbers without currency symbols or commas.

₹1–₹1,00,00,00,000. Up to 2 decimal places.
0–60%. Up to 6 decimal places; converted to a monthly rate by dividing by 12.
1–600 months; payments are made at each month end.
Formula, rounding and limits

Monthly rate r = annual percentage / 1200. EMI = P × r / (1 − (1 + r)^−n); at zero rate EMI = P / n. Regular EMI and each month’s interest round to paise, half up. The final payment adjusts to clear the balance; a tiny balance may finish early. Total paid = principal + schedule interest. Cases where rounding prevents principal repayment are refused. Fees, taxes, insurance, prepayments, daily interest and floating rates are excluded. An estimate, not a lender quote.

Monthly rate r = annual percentage / 1200. EMI = P × r / (1 − (1 + r)^−n); at zero rate EMI = P / n. Regular EMI and each month’s interest round to paise, half up. The final payment adjusts to clear the balance; a tiny balance may finish early. Total paid = principal + schedule interest. Cases where rounding prevents principal repayment are refused. Fees, taxes, insurance, prepayments, daily interest and floating rates are excluded. An estimate, not a lender quote.