EMI Calculator

Calculate a precise Equated Monthly Installment (EMI) for personal, home, or vehicle loans by entering principal, annual interest rate, and tenure in years. This tool uses the standard amortization formula with monthly compounding to reflect real repayment behavior. Tweak tenure to see how longer periods reduce EMI but increase total interest paid. Add the optional processing fee to mirror bank charges and compare lenders confidently with a clear, easy-to-scan monthly figure.

Estimated Total10501 (local currency)

How We Calculate Your EMI

Loan Payoff Calculator

How to use this calculator

  1. Enter your details in the inputs above.
  2. Choose options that match your scenario.
  3. Review the total and explore tips to optimize costs.

How we calculate

We combine market averages, recent receipts, and verified sources for each field with transparent formulas. Edit any input to reflect your local reality.

Assumptions & Common Mistakes

  • Numbers are medians for recent periods—seasonality may apply.
  • Taxes/fees differ by city—include any local surcharges if missing.
  • For large one‑offs, request written quotes to avoid scope creep.

Data sources