✓ 100% Free  ·  ✓ Instant calculation  ·  ✓ No signup needed  ·  ✓ Works on mobile
EMI Calculator
Calculate your monthly EMI for home loan, car loan and personal loan instantly — free, accurate, no signup.
🏠 Home Loan
🚗 Car Loan
💼 Personal Loan
🎓 Education Loan
⚙️ Custom
Loan Details
Loan Amount
₹30,00,000
₹1L₹1Cr
Interest Rate (per year)
8.5%
5%36%
Loan Tenure
20 years
1 yr30 yrs
Your EMI Breakdown
Monthly EMI
₹26,035
for 240 months
Principal Amount
₹30,00,000
Total Interest
₹32,48,400
Total Payment
₹62,48,400
Interest to Principal
108%
48%
principal
Principal: ₹30L
Interest: ₹32.5L
Total: ₹62.5L
Year-wise Amortization Schedule Show schedule ▾
Year Principal Paid Interest Paid Total Paid Balance
Smart loan tips for Indians 💡
📉
Lower rate saves lakhs
Even 0.5% lower interest rate on a ₹30L home loan saves over ₹1.5 lakh over 20 years. Always negotiate.
💰
Pay extra when possible
Prepaying even ₹5,000 extra per month can reduce your loan tenure by 3-4 years and save huge interest.
🎯
Keep EMI under 40% income
Financial experts recommend keeping total EMIs under 40% of your monthly take-home salary for comfort.
🔄
Refinance when rates drop
When RBI cuts repo rate, ask your bank to reduce your interest rate. Many banks do it automatically now.
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How It Works

1
Enter loan amount
Type the total loan amount you want to borrow in rupees.
2
Enter interest rate
Enter the annual interest rate offered by your bank.
3
Select loan tenure
Choose how many years or months you want to repay the loan.
4
Get instant EMI
Your monthly EMI, total interest and total payment shows instantly.

Frequently Asked Questions

❓ What is EMI?
EMI stands for Equated Monthly Installment. It is a fixed amount paid every month to repay your loan including principal and interest.
❓ Which bank has lowest home loan rate in India 2026?
Bank of Baroda and SBI typically offer among the lowest home loan rates starting from 8.40% per annum. Always check current rates directly with the bank.
❓ Does prepayment reduce EMI?
Yes! Making extra payments reduces your outstanding principal which can either reduce your EMI amount or shorten your loan tenure.
❓ What is the maximum home loan tenure in India?
Most banks offer home loans up to 30 years tenure. Longer tenure means lower EMI but higher total interest paid.
❓ Is EMI calculator free to use?
Yes, our EMI calculator is 100% free. No signup, no limits. Calculate as many times as you need.

Free EMI Calculator India — Home Loan Car Loan Personal Loan

Our free EMI calculator helps you instantly calculate the monthly instalment for any loan — home loan, car loan, personal loan or education loan. Simply enter the loan amount, interest rate and tenure to get your exact EMI, total interest payable and total amount payable. No signup or login required.

EMI stands for Equated Monthly Instalment — the fixed amount you pay every month to repay your loan. Understanding your EMI before taking a loan helps you plan your finances better and choose the right loan tenure and amount.

EMI Formula

EMI = P × r × (1+r)^n ÷ ((1+r)^n - 1) where P = Principal loan amount, r = Monthly interest rate (annual rate ÷ 12 ÷ 100), n = Loan tenure in months. Our calculator applies this formula automatically and instantly.

Current Loan Interest Rates India 2025

Tips to Reduce Your EMI

Home Loan EMI Examples 2025

Frequently Asked Questions

What is the maximum home loan tenure?
Most banks offer home loans up to 30 years tenure. Longer tenure means lower EMI but higher total interest paid over the loan period.
How much EMI can I afford?
A good rule is your total EMIs should not exceed 40-50% of your monthly take-home salary. Banks usually approve loans where EMI is within 40% of your net monthly income.
Does EMI change when interest rate changes?
For floating rate loans, yes. When RBI changes repo rate, banks may change your interest rate which affects your EMI or loan tenure. Fixed rate loans have unchanged EMI throughout the tenure.
Is this EMI calculator free?
Yes, 100% free. No signup needed. Calculate EMI for any loan amount, interest rate and tenure instantly.