EMI Calculator for Home Loan, Car Loan & Personal Loan in India


Monthly Payment (EMI)


Total Interest Payable


Total Payment
(Principal + Interest)


What is EMI?

Equated Monthly Installment – EMI for short – is the amount payable every month to the bank or any other financial institution until the loan amount is fully paid off. It consists of the interest on loan as well as part of the principal amount to be repaid. The sum of principal amount and interest is divided by the tenure, i.e., number of months, in which the loan has to be repaid. This amount has to be paid monthly. The interest component of the EMI would be larger during the initial months and gradually reduce with each payment. The exact percentage allocated towards payment of the principal depends on the interest rate. Even though your monthly EMI payment won’t change, the proportion of principal and interest components will change with time. With each successive payment, you’ll pay more towards the principal and less in interest.

Here’s the formula to calculate EMI:

EMI Formula


E is EMI

P is Principal Loan Amount

r is rate of interest calculated on monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 10.5% per annum, then r = 10.5/12/100=0.00875)

n is loan term / tenure / duration in number of months

For example, if you borrow Indian Rupee 10,00,000 from the bank at 10.5% annual interest for a period of 10 years (i.e., 120 months), then EMI = Indian Rupee 10,00,000 * 0.00875 * (1 + 0.00875)120 / ((1 + 0.00875)120 – 1) = Indian Rupee 13,493. i.e., you will have to pay Indian Rupee 13,493 for 120 months to repay the entire loan amount. The total amount payable will be Indian Rupee 13,493 * 120 = Indian Rupee 16,19,220 that includes Indian Rupee 6,19,220 as interest toward the loan.

Computing EMI for different combinations of principal loan amount, interest rates and loan term using the above EMI formula by hand is time consuming, complex and error prone. Our EMI calculator automates this calculation for you and gives you the result in a split second along with visual charts displaying payment schedule and the break-up of total payment.

How to use EMI calculator?

With colourful charts and instant results, our EMI calculator is easy to use, intuitive to understand and is quick to perform. You can calculate EMI for home loan, car loan, personal loan, education loan or any other fully amortizing loan using this calculator.

Enter the following information in the EMI calculator:

  • Principal loan amount you wish to avail (rupees)
  • Loan term (months or years)
  • Rate of interest (percentage)
  • EMI in advance OR EMI in arrears (for car loan only)

Use the slider to adjust the values in the EMI calculator form. If you need to enter more precise values, you can type the values directly in the relevant boxes provided above. As soon as the values are changed using the slider (or hit the ‘tab’ key after entering the values directly in the input fields), EMI calculator will re-calculate your monthly payment (EMI) amount.

A pie chart depicting the break-up of total payment (i.e., total principal vs. total interest payable) is also displayed. It displays the percentage of total interest versus principal amount in the sum total of all payments made against the loan. The payment schedule table showing payments made every month / year for the entire loan duration is displayed along with a chart showing interest and principal components paid each year. A portion of each payment is for the interest while the remaining amount is applied towards the principal balance. During initial loan period, a large portion of each payment is devoted to interest. With passage of time, larger portions pay down the principal. The payment schedule also shows the intermediate outstanding balance for each year which will be carried over to the next year.

Floating Rate EMI Calculation

We suggest that you calculate floating / variable rate EMI by taking into consideration two opposite scenarios, i.e., optimistic (deflationary) and pessimistic (inflationary) scenario. Loan amount and loan tenure, two components required to calculate the EMI are under your control; i.e., you are going to decide how much loan you have to borrow and how long your loan tenure should be. But interest rate is decided by the banks & HFCs based on rates and policies set by RBI. As a borrower, you should consider the two extreme possibilities of increase and decrease in the rate of interest and calculate how much would be your EMI under these two conditions. Such calculation will help you decide how much EMI is affordable, how long your loan tenure should be and how much you should borrow.

Optimistic (deflationary) scenario: Assume that the rate of interest comes down by 1% – 3% from the present rate. Consider this situation and calculate your EMI. In this situation, your EMI will come down or you may opt to shorten the loan tenure. Ex: If you avail home loan to purchase a house as an investment, then optimistic scenario enables you to compare this with other investment opportunities.

Pessimistic (inflationary) scenario: In the same way, assume that the rate of interest is hiked by 1% – 3%. Is it possible for you to continue to pay the EMI without much struggle? Even a 2% increase in rate of interest can result in significant rise in your monthly payment for the entire loan tenure.

Such calculation helps you to plan for such future possibilities. When you take a loan, you are making a financial commitment for next few months, years or decades. So consider the best as well as worst cases…and be ready for both. In short, hope for the best but be prepared for the worst!

If you liked the EMI Calculator, please consider sharing it with your friends & family using the social sharing buttons. If you have further suggestions / questions OR wish to report any errors, please leave a comment below.

Further Reading

  • Balaji Aiyyankar

    it is a superb tool, hardly takes any time, in a jiffy! fantastic!

  • Swetha

    Sooper cool. Providing more details. Better than that of many bank websites in India.

    • Ravi Chowdary

      y do u bring the name of INDIA here..build one if u can

      • Kanak Singhal

        she meant no offence dude.. even this calculator is made by an indian i guess (see currency symbol)

  • http://www.facebook.com/ats.handsome Ats Hansen




  • harish

    I wanted one with months and got it :), else had to do lot of calculations in excel using the formula

  • Parvinder Bhagat

    Itz a great tool…Very helpful ! Thanks !

  • http://www.facebook.com/basil.joseph.50 Basil Joseph

    great work…thanks

  • Sohil

    Thanks and nice work



  • yogesh tikle

    very easy

  • Madhu

    Superb ..Thanks

  • Shailendra

    Its a helping tool for those who are poor on maths or cant dig in for sake of time ….

  • http://www.facebook.com/srinivasarao.karanam Srinivasa Rao Karanam


  • Laxman


  • http://www.facebook.com/suresh.mittapelly Suresh Mittapelli


  • http://www.facebook.com/Awp.Harsh Awp Harsh

    awesome app

  • Deepak

    awsome tool…. its like a NMS tool network monitoring tool..i like it <3

  • mayank

    I am planning to take a home loan and my property is not financed by SBI, so which other bank do you suggest.

  • sreenivasa

    Only few will have the will to serve by some means. Effort & your time is highly appreciated.

  • srinivas

    Very helpful tool

  • Arun

    Hi excellent work. It would be nicer if you can add options for calculating remaining payable amount after a bulk pay , say after ‘n’ number of months

    • http://emicalculator.net/ Poornima@EMICalculator

      Thanks for the suggestion…will try to see how we can address this. Maybe adding a monthly EMI payment schedule will help.

  • Anand pradhan

    I like it thanks

  • Mahesh

    V good

  • Harsh

    Great work, Thanks alot. It would be more helpful if prepayment adjustment can be made in calculator. Many banks now a days are providing overdraft accounts (interest saver on excess funds in account).

    • http://emicalculator.net/ Poornima@EMICalculator

      Can you please explain what you mean by prepayment adjustment in the calculator? Are you saying that you want to estimate your EMI after making a partial prepayment on your existing loan?

  • krrish

    how much of rate of interest is equal to 1 rupee

  • disqus_Z2kBVVD4HH

    Great!!! But can you make it to monthly breakup calculation also.

    • http://emicalculator.net/ Poornima@EMICalculator

      We will add this shortly.

  • disqus_UsnJu2CBvN


  • biswajit singh

    innovative and user friendly, thanks

  • Vijayakrishnan Krishnan

    Awesome tool. Good work. Especially on the usability part.

  • chandan


  • chandan

    very helpfull

  • Srinivas Thokala


  • Ashok D

    simply superb :)

  • Hansraj


  • BalaMurugan Rajapandi

    It is really good and more useful to find the EMI. One way it needs to be improved, which is based on Monthly payment I want to get the No. of years/months.

    • http://emicalculator.net/ Poornima@EMICalculator

      We are working on this feature and monthly payment schedule will be available in a few days.

  • ravi

    its grate appl’n …..superb….

  • hardik

    nice app. thanks

  • Sangappan S

    simple and excellent

  • Ram Induri

    I used the website lot of times.. Thanks

  • Trader guru


  • Shashi

    Really great work. :):)

  • satya

    one of the best emi calculators and emi calculator.

  • ganesh

    in this calculations are for compound interest, what about emi with simple interest?

  • Rohit Singh

    Would anybody tell me the difference between diminishing and flat rate?

    • http://emicalculator.net/ Poornima@EMICalculator

      Flat rate and reducing rate are two different methods of calculating interest on loans. In flat rate, interest is calculated on the full amount borrowed for the entire loan tenure irrespective of monthly payments. For example, you borrow Rs. 10,00,000 for 5 years and the interest rate is 10%. Then in the flat rate method, the interest payable will be Rs. 5,00,000. Every year you have to pay Rs. 2,00,000 (principal amount) + Rs. 1,00,000 (interest 10% of 10,00,000) = Rs. 3,00,000. So you will end up with paying principal amount Rs. 10,00,000 + interest Rs. 5,00,000 = Rs. 15,00,000.

      In reducing balance method the interest is calculated on outstanding amount and not on the entire amount borrowed. For the above example, if the interest is calculated in yearly reducing balance method then the interest payable will be Rs. 3,00,000. So, first year you have to pay Rs.2,00,000 (principal amount) + Rs. 1,00,000 = Rs. 3,00,000. In the second year, Rs. 2,00,000 (principal amount) + Rs. (10% on remaining Rs.8,00,000 for the remaining 4 years) = Rs.80,000. In the third year Rs.2,00,000 + Rs. (10% on remaining Rs.6,00,000 for the remaining 3 years) = Rs. 60,000. In the fourth year Rs. 2,00,000 + Rs. (10% on remaining Rs.4,00,000 for the remaining 2 years) = Rs. 40,000. In the fifth year Rs. 2,00,000 + Rs. (10% on remaining Rs.2,00,000 for the remaining 1 years) = Rs. 20,000. Here, the calculation is done using yearly reducing balance method. However, while paying EMI you pay a portion of your loan every month to the bank. Therefore, lenders calculate the interest using monthly reducing balance method. In this method, every month the interest is recalculated on outstanding amount, which is even more beneficial to you.

      Thus, to you as a borrower reducing interest rate is beneficial and proves to be lot cheaper that flat interest rate. Reducing / diminishing rate is also referred to as effective interest rate.

  • Raffic

    This gives a very clear picture of the loan repayment and interest we are going to pay in nushel. If any bulk payment in the tenure can be added to the calculator will be of much use. Raffic





  • Ruchi

    Thank u so much…… this is fantastic……..

  • Nitin

    This is very useful …….. good job…….

  • Raaz

    Just perfect and easily understandable



    • http://emicalculator.net/ Poornima@EMICalculator

      Thank you for encouraging words.

  • Vijay chauhan

    Really great work. very useful to get details of emi.

    Thank you very much.

  • rahul


  • Biju

    amazing work….

  • thamizhchelvan

    excellent, thank you and God bless you.

  • Shyam

    Really very good updates and well facility of this EMI Calculators. But please keep link of your Classic EMI Calculator. Sometime It Needs.

    • http://emicalculator.net/ Poornima@EMICalculator

      Can you tell us which feature of the Classic EMI Calculator are you missing in this version?

      • Shyam

        The current version is really best. But some users may have already taken loan in previous years. So they want to know actual loan amount or remaining months.

        • http://emicalculator.net/ Poornima@EMICalculator

          You can change the payment schedule start date. Check the section starting with “Schedule showing EMI payments starting from”. You can choose the start month and year of the loan (including past month / year).

          • Shyam

            Oh yes!! Thanks. That’s Really Great.

    • http://www.facebook.com/veeruprabhu2006 Veeru Prabhu

      Shyam when you ask us to keep link of CLassic Emi you should always tell whats the best feature in it which is missing here. So that Emicalculater people can incorporate it in their web page. Personally i feel its the this web page is really the best.

  • Pawana

    Very handy tool

  • tejas

    simple to understand

  • http://www.nucleation.in/ Nucleation

    No words to say, this is the best online emi calculator. Inspired from this I developed a windows application of emi calculation. There are no graphs though. Check out the windows version at http://www.nucleation.in/emicalculator/

  • dharmendra

    Excellent job

  • sivaraman



    GUD :) THX… :)

  • veer


  • http://emicalculator.net/ Poornima@EMICalculator

    Good app. Worked in Windows 8, but didn’t run in Win XP. Currency symbol was $ instead of ₹.

  • http://www.nucleation.in/ Nucleation

    @emicalculator:disqus : The application identifies the currency symbol automatically from your machine. May be you have set $ as the default currency symbol.

    • http://emicalculator.net/ Poornima@EMICalculator

      Wow…cool. Didn’t realize that! Congrats on the great app.

  • VJ

    Good job :) [Thumbs Up]

    I would suggest you can add up a section where all banks current interest rates for all kind of loans (House, Car, Personal, Business, Gold, Land etc) tabulated in proper format ( Make it trust-able values and regular updates ). This makes your site for sure destiny for us :)

    • http://emicalculator.net/ Poornima@EMICalculator

      This is laborious task but we are working on it. We will have this ready shortly.

      • Jubak student

        Please put FB link so we can like your GREAT , AWESOME work.

  • Ramesh

    great Calculator.. Useful…

  • Ramesh


  • Avik C

    Simply superb..

  • Abhishek

    Nice work.. thanks

  • GD

    Great and Easy one – Suggestion : If possible add an option like send the final result to somebody through mail.

    • http://emicalculator.net/ Poornima@EMICalculator

      Thanks for the suggestion. We will look into this.

  • Jayanthi


  • vinsal

    thank you very much

  • kuldeep

    really help full

  • http://www.facebook.com/kumar.anand.35110 Kumar Anand

    very nice.. maybe another option to check for 1 time advance payment also :)

  • Girish

    just brilliant, awesome information thank you very much.

  • Innovis

    The year-wise breakup which is given, would be more helpful if given in the Financial year format, rather than Calendar Year format. Just a thought. Think about it ..

    • http://emicalculator.net/ Poornima@EMICalculator

      Good suggestion…will think about it.

  • Vasu Ravuri

    Good Work, helped me nicely. Thanks for all your efforts.

  • Kuldeep Singh

    Thanks; fantastic work…

  • Sumeet

    You should allow saving the results in PDF or Excel Format. That would be of great use.

  • Siva Bulusu

    The calculator is showing all figures clearly. I appreciate the good work. It’s very useful.
    However i observe that we are not able to calculate changes in schedule due to prepayment.
    If this feature is also added the tool would be simply superb and even more useful.

    • http://emicalculator.net/ Poornima@EMICalculator

      Thanks for the kind words. We will add another calculator shortly to help assess changes due to prepayment.

  • venkat

    Excellent. Keep up the good work

  • praveen

    great work
    i never thought some would provide all these information and easy calculation app
    hates off…


  • Manjunatha BR

    Thank you.. Excellent EMI calculator tool…

  • Abhilash

    clean work!

  • BOOB


  • vish

    can u explain hw to calculate per year i.e u generated a graph na ……hw to calculate those va;ues manualy

  • Karesh

    Great tool! Thanks a lot…

  • Venkatesh

    good calculator

  • lovesh gupta

    great calculator

  • vicky

    grt job…thanks a lot…

  • Aravind

    Very helpful EMI calculators

  • kaleeswaran

    super!!!!!! thanks

  • Pradipta Nayak

    Excellent one :)

  • kkkijkj


  • Bishnu Samal

    great utility

  • Ritu

    Really helpful..

  • Josh

    Quick and Accurate Calculator – Excellent Work. Thank You.

  • sampatkumar

    good job, excellent……..!!!!!



  • Shyam

    Great… ! Thanks.

  • Vikash Kumar

    Wonderful job !!!!!!

    It’s very helpful for all of us. Thank you so much.

  • upadhyerohan@gmail.com

    very useful thing

  • Raghu

    Good Tool!

  • abhishek

    Great job… You have saved lots of time of many people….Thanq

  • Varun Chopra

    thanks for the information

  • om

    best emi cal

  • S.P.Sundar

    it is very useful to me ……thanks……!!

  • Fazal

    Great work. Thanks to the collective who have put efforts in making it.
    Appreciate if calculation is made flexible to include the prepartial payment.

  • pralay maity

    It helps a lot. Thanks bro..

  • Karan

    Awesome tool

  • Rama Padala

    Super work. I put it in my favourites to help others if they need and for my own needs. Thanks again!

  • siva

    superb, very useful

  • mahesh m

    great tool,thank you

  • santos

    nicely xplained…




    very helpful

  • narayan singh

    woh very nice brillient calculator….

  • balaje

    awesome, good work and nice calculator

  • Nitesh

    Great Work

  • Daisal


    This is really helpful

  • sudhir

    excellent ………………. !!!! thanks

  • Peter

    Its a great job… very nice….Great help too!!!

  • Priyo Ghosh


  • yogesh. G


  • Tejas

    It is very good to know the hidden things from bank……

  • Sunny

    very useful !!!

  • Murthi

    Appreciate your work

  • Ven KY

    really a good tool

  • Suresh Kumar . S

    Superb, its very usefull….. thanks a lot ………………….

  • laxman

    good work thanks

  • Harish Nagar

    very precise and useful…

  • Pramesh Kumar

    Great Help Full thnx………

  • star

    E = P.r.(1+r)n/((1+r)n-1)

    the above said formula is for calculating the emi. but if we dont the interest rate then what is the formula to calculate the same example herebelow ?

    if EMI is 500.00 pm
    principal is 10000.00
    tenure is 24 months

    then what is the formula to calculate interest rate ?



  • ஹரிஹரன் பழனிசாமி

    Gr8 work………….

  • nitesh kumar

    very useful and impressive

  • sayed zaheer

    wow … excellent great idea

  • dr krishnanand

    very usefull

  • omprakash singh

    grat calculator

  • Vipin Manchan

    its very clear..yaar maza aa gaya

  • Radhika

    Very good article …

  • ashok mittal


  • Shoib Khan

    this is the best tool for EMI calculations..Thanks to developers!!!! its saved lots of time….

  • kalai


  • Iqbal

    Nice and Easy explainations…

  • Bala

    it’s good

  • Veera Pallati

    Excellent Tool.

  • Praveen Kumar


  • vineet khanna

    it is excellent tool to calculate your liability and helps a lot in finanacial planning.

  • Sriman

    Awesome…Really good site

  • Dr.Katari

    very good…thank u so much

  • Ram

    efficient tool.thanks.

  • Vipin Khatri

    very smooth, user friendly, awesome graphics…I always use this site for all emi calculations

  • Vipin

    Yours is bakwas, anybody can do that. learn something from this site before posting.

    • http://www.nucleation.in/ Nucleation

      Yes Vipin, it might be easy to make. I am not a software
      developer. I developed it to improve my knowledge. I commented about it here
      because I developed it by the knowledge gained from this site. I shared it
      because I thought it might be helpful to someone. It may be useless or bad, but
      many people have downloaded it from my site. Almost 584 people has downloaded
      it from http://download.cnet.com/EMI-Calculator/3000-20417_4-75882612.html
      Moreover, it is a freeware tool. If you search on Google, you can find similar
      shareware applications.
      A humble request, the next time you comment, do not make
      others feel bad. Thanks…

  • kapalavai pavan

    Easy to understand……..good work

  • NK

    Best , EMI Calculator ever seen

  • Indian

    Awesome tool! Very useful ..

  • Rahul Jadhav

    It is really helpful, Execllent work….

  • shreyas

    incredible job…first time am able experience 100% advantage on WEB..
    Good job highly appreciated!!!!

  • Bhushan

    Toooo Gooooood

  • Parag Mandhane

    Works as one wants it to work….Simple and easy
    Great work guys

    • http://emicalculator.net/ Poornima@EMICalculator

      Thanks for the kudos

  • abhishek agrawal

    good work

  • Bharat

    Great work

  • Praveen Goyal

    excellent tool

  • manjunath

    really helpfull to plan according our target and budgets, before we process any loan, everyone should get benefitted, cheers

  • Srikanth

    very well done.. clear and simple..

  • prasenjit sasmal

    well done .this is a fantastic job.

  • vivek

    excellent tool

  • http://emicalculator.net/ Poornima@EMICalculator

    Your work is much appreciated. No need to feel bad about one adverse comment.

    • http://www.nucleation.in/ Nucleation

      Thanks for that support. :)

      • shweta

        is there anyone can ask me that how to calculate power ??

  • Deccan World Travel

    Outstanding EMI calculator, highly recommended



    FULL JOB……….

  • Prabhakar

    great work no words to say simply amazing

  • Jagan D

    This is very very useful and helpful,…………………….

  • George

    Thank you. Awesome work.

  • VINI

    EXCELLENT………..!!!! G8 THANKS

  • Abhilash

    Nice tool… Good work.. thanks

  • Chetan Trivedi

    too gud

  • Yogesh

    Best description I have read online… Great

  • Prabhakar Palukuri

    This is the best site I have come across on EMI calculations. No other site is matching this!!!!

  • Shrinivas Soragavi

    good one very helpful….

  • chetan

    good job, hats off

  • Samir Patel

    Excellent. Keep up the good work.

  • Ziad

    Thank you.. Really very helpfull…

  • jaanu

    It is really wonderful…. good job…..it will show perfectly how much need to pay very clearly…

  • Aditya

    extremely helpful and grt app…… i will suggest to provide this as an app in android systems also…..

  • Guru

    Hi cool tool great work ………..

  • rahul

    Amazing website very nice design thinking..lot of hard work gone into …. one suggestion if possible u can add one feature .. how does this calculation changes when we do a prepayment….it would be a great help…

  • sen

    great tool. It Rokz…

  • Mohammed Thaqi

    Great work.
    But It would be helpful if we know how to calculate the interest and principal amount from an EMI for each month

  • Chandra Sekar

    very good tool

  • atul lal


  • Nilesh

    thanks……great job

  • Avinash

    amazing work.. thanks

  • karim

    Very Clear and Great Effort

  • Kiran IBM

    Very nice and interesting…

  • pranav

    its awesome very very helpful…..thank you

  • Kiran

    awesome tool…good job guys!!!!

  • Natarajan

    Great work, Very helpful. Thanks

  • Sagar

    what is the partial pre-payment charges (SBI says no Pre-payment charges) for car-loan?

    • http://emicalculator.net/ Poornima@EMICalculator

      Sometimes banks allow partial pre-payment without any charges only after certain number of months have elapsed. It also depends on whether interest rate on your loan is fixed or floating. Please check with your bank regarding this.

  • Vijay

    Great work, Rupee symbol is not visible, it shows some box format like square box..

  • Amarjeet Chavhan

    Superb… Cool and user friendly UI.
    Gr8 Job.

  • Suresh

    Very Helpful. Thanks


    very helpful

  • Mohan

    it’s really very good.

  • Amol

    coooooolllll! Excellent

  • Anshuman Pandey

    Fantastic and so easy to use.. Thumps UP !!

  • vikas patidar

    best in the world…………to understand the emi concept…………….thanks to emicalculator

  • Amar

    Excellent calculation.. good for reference

  • Jeetendra

    Pretty helpful…… thanks

  • Pawan Sethi

    hope you can add more details in that like
    In Hand loan=Loan applied – processing fee – stamp duty – taxes

  • Rachit

    Excellent work! Thanks for sharing….

  • ARK

    Great Job

  • akash

    awesome calculator

  • jack


  • cmvelusamy


  • Mohan

    super.. excellent job….
    Request: Export to Excel Sheet or PDF.. So that we can have hardcopy … If we have the hardcopy that can verfiy with the bank people.. Those guys always put hidden charges. Hope it will helpfull lot..

    • http://emicalculator.net/ Poornima@EMICalculator

      You can print this page using “File => Print…” from the browser menu (Ctrl+P on Windows and ⌘P on Mac).

  • swapnil

    Good Job…..Thank You …..

  • balaje

    superb …great work ..simple and easy to understand…

  • kruthi


  • Dhaval

    Is this calculator for SBI max gain as well?

  • Naga

    Very very Helpful…. Thanks

  • Ravi Kumar V

    Very informative thanks!!!

  • trinadh

    excellent tool

  • Bharathi Durai Raj


  • kutty

    good work thanks

  • Rudra

    Nice work with good amount of explaination..

  • Francis

    Very nice that every one can able to understand the percentage of calculation. GoooooD…

  • Jiss Antony

    Simply Explained….Thanks….

  • chinna

    we couldnot understand i know only ptr/100

  • sesha


  • Loganathan

    Very good tool to check the emi based on different options.. thanks to the developer

  • mohan kumar

    Good information

  • Sachin Sonawane

    Excellent EMI Calculator !!!

  • Shekhar Hardas

    Excellent Work. Even none of the front line bank sales employee couldn’t explain in such a lucid & convincing manor. If such a transparency reflect in all the dealings happens in India then the country will certainly grow faster than expected.

    Many good wishes to Team EMI Calculator and its founder.

    Shekhar Hardas

  • Arun

    good work poornima

  • Sukesh Jadhav

    good work guys ,it helps me lot

  • Sastry Aradyula

    Nice Analysis, and Great Look with Graphical representation, Keep Devoloping …Thanks

  • Mohit Choksi

    how to calculate it for a simple interest

  • San Dutt

    A computation for 30L @10.5% for 8 years shows EMI 46320, while at actual it is 48530 as per respective bank. Why such difference?

    • http://emicalculator.net/ Poornima@EMICalculator

      You should definitely ask that question to your bank representative.

  • Shiva Lanka

    Good work…thanks

  • Thirumal V

    very nice program…. thanks a lot…

  • Anil

    very good

  • Bobby

    Outstanding :)

  • Cbe Mahendar

    Great tool, useful to forecast ourselves rather than depending

  • Mahendran

    Great tool. Usefl to pridict ourselves rather than to discuss with Bankers

  • Cbe Mahendar

    Great tool, Useful to pridict ourselves rather than discuss with Bankers.



  • raj kumar

    marvellous calculator hard to find out on any other site, monthly bifurcation of principal and intrested will make it superduper hit………………..

  • Allah Rakha

    Brilliant work !! You have thought of just about everything that a loan aspirant would need. Not what is usually expected of Indians. I am very impressed ! :-)

  • Gangadhar Rai

    Excellent………. nice to calculate grt job.

    • Ram

      Awesome! great tool

  • Indra

    Excellent Tool , Easy to check the details. will suggest the link to more colleagues

    • http://emicalculator.net/ Poornima@EMICalculator

      Thanks for spreading the word.

  • sumit

    nice work…definitely helpful..

  • anil mathapati

    i cant afford

  • Atul

    perfect tool … thanks

  • shyam babu,t

    easy to understand. thank you

  • Vasu

    Very detailed information…. Thanks

  • Dinesh


  • Natarajan

    Great thanks


    very useful….good one

  • vivek k

    Thats great job, Thanks

  • Henry

    Too good…very helpful. Thanx

  • Arunjib Roy

    nice job

  • aditya

    very helpful and informative

  • Ramani

    simply superb


    Very very helpful

  • vishal

    nice too . really helpful

  • Bharat

    Nice calculator loan lene se pahle jarur use karo

  • Irfan ali

    Good job

  • viswanadh e

    great work

  • Sanjairaj Ramasamy

    Good work. Thanks..

  • santhosh

    very useful thanks

  • Ajee Kuamr

    Its very useful tool.

  • Shivakumar

    This is an perfect tool to analyze, one who looking for above mentioned loan.
    Great and easy to understand loan – how it works?


    Is there in workings chart for Property mortgage loan, project loan, Business loan ?

  • keshav

    very useful, great thing

  • PSK

    Very good work. But I want to know on what basis does the bank fix the high interest portion (from the EMI paid) in the beginning of the loan tenure.

  • S.B.Gadwal

    yes it really good and easy to understand

  • Lijesh Nair

    Amazing website. I hope all Banks currently lending money to Customers who boast of transparent procedures also make provisions for such clear information on their respective bank websites. At present banks literally hide lot of information, especially the balance principle amount.

  • Sk Parbesh


  • srikanth

    Very impressive and informative

  • test

    awesome tool!!!

  • J S Jolly

    I use this EMI Calculator, often. Simple and Beautiful.


  • a.c.srivastava

    Thanks for providing this facility. Let me also know that how (1+r)n be calculated easily i.e. (1 + 0.00875)120

  • anil go

    most useful for planning


    it is very gud

  • sagar

    great application,
    also try to make it for adroied mobile

  • Sudharshan Reddy

    Awesome…really help full!!! Thanks a ton :)

  • Anil Kumar

    Outstanding work :)

  • alok

    excellent tool

  • ameer


  • Deepak Badiger

    Good Tool and Easy understand breakups of the paybacks !!

  • Ram

    Extremely Handy!! and extremely user friendly interface!! Thanks !!

  • Ashok Kumar

    Nice… Simple U

  • gokul K

    very usefull :)

  • somay

    Perfect and very helpful


    Really helpful

  • RAG

    Simply thrilled…………….great efforts by creator…..thank a lot.

  • sujit

    Excellent work!!

  • Sushant

    Good Work.. more simplified…

  • vishal rajkotia

    It is easy to use and show all info in single view


    This EMI Calculator is Efficient, Magnificent, Intelligent

  • Florence

    that was really helpful.. thanks!

  • Chandru

    Great site, very useful

  • Joe

    Could you please explain why Total Payment = Prinicipal + Interest??…..Isnt Total Payment to Bank (at end of Tenure)=Total Interest Payable???
    In slider if i take Loan Amount is 25,00,000 at interest is 9.95% for tenure of 20 years
    Its computing 32,70,268….Then why again Total Payment 57,70,268

  • Sharma Mukesh

    i like

  • komal

    good reporting …

  • vasanth

    nice Good Job :)

  • sandeep


  • Ketan

    Love you for making this.. U rock man !! Life became safe :)

  • DSN

    best tool, details all you need to know. thanks .

  • Aditya


  • veeru prabhu

    One of the best sites for calculating EMI. Users can clearly see what they are getting into. This site can help a lot of people from getting cheated. Simplest UI even a person with basic computer knowledge will be able to use this application and get every minute details of LOAN he will be applying. Thank you to all who have contributed for this wonderful Web application. Keep up the Good Work..

    • http://emicalculator.net/ Poornima@EMICalculator

      Thanks for the kudos

  • Prasanta

    really nice….
    gr8 wrk

  • buzz


  • Deeps

    The work is awesome one more request … Can you implement export functionality? may ne as PDF or Excel?

    • http://emicalculator.net/ Poornima@EMICalculator

      You can print this page and save it as a PDF

  • Karthikeyan

    Very useful before proceeding on home loan,Good Job.!!!

  • Shivang Vyas

    Detailed explain… Very helpful Gre8 job…

  • Mohankumar

    rombo nalla website, thanks for the information…

  • nsan

    cool yaar thanks

  • Patel Manoj

    very nice formula

  • mallikarjun

    excellent website ..Plz prepare a emi calculation chart with pre-payment amount inclusion.

  • Yogesh

    so simple and informative, thanks

  • Dhanaji

    very helpful

  • Anil

    Very helpful..

  • Anudeep

    good work

  • drjoice

    excellent site.. i have a doubt.. Is it advisable to pay an additional amount apart from EMI, like once in two months or so.? does that bring down the total interest we pay? and if we are paying like that , when would it be more profitable(in the beginning of the loan tenure or towards the end) ?

    • http://emicalculator.net/ Poornima@EMICalculator

      Yes, extra payments help reduce your tenure and total interest. Since you pay more towards interest in the beginning, paying extra earlier is better than later.

  • divyesh jain


  • Rahul

    keep it up…!

  • sureshKusuma

    my home loan principal is 12,00,000..tenure is 15 years..interest rate is 10.1%.If I pay 2,00,000 after 1 year, then what will be the EMI and what is the formula to calculate? Please do the needful…

    • http://emicalculator.net/ Poornima@EMICalculator

      I don’t fully understand your question. Are you saying that you will make an extra payment of Rs. 2,00,000/- after one year? Why will your EMI change after one year?

      • sureshKusuma

        no..i will pay 2 lakhs out of 12 lakhs principal after 1 year ……so what will be the EMI for remaining 10 lakhs?

        • http://emicalculator.net/ Poornima@EMICalculator

          Assuming you make an extra payment in the 13th month, you have two options:

          1) Reduce loan tenure – In this case, your loan tenure will be reduced to 130 months from 180 months. Your EMI will remain ₹12,969.

          2) Reduce EMI – In this case, your EMI will get reduced to ₹10,734.

          I would prefer the first option. It makes a significant difference when you make extra payments earlier rather than later.

          • sureshKusuma

            thank you so much…In general how to calculate number of months to deduct based on the extra payment after certain period…

          • http://emicalculator.net/ Poornima@EMICalculator

            We will add another EMI calculator with pre-payment shortly.

  • senthil

    on 23/11/2013, sbi credit card offered a loan amount of rs 2,50,000 at a rate of 10.55% per annum for duration:4years, but when i asked about EMI, they told rs 7406+475=7881 this 475 is government tax, it will be reduced every month. this figure if put above fields in this web sites, i am getting rs 6407. when i told to customer care, they told this is flat rate of interest, and asked me to check from sbi web site, i checked sbi web site, it is same rs 6407. i am confused, can anybody clarify ?

    • http://emicalculator.net/ Poornima@EMICalculator

      You are being offered a loan on flat rate basis. i.e., your monthly payment of 7406 is sum of:
      1. 5208.33 (250000 / 48 months) towards principal
      2. 2197.91 (250000 * 10.55% / 12 months) towards interest

      Flat rate loans are a very bad deal. Stay away from them, if possible.

  • Anno

    Awesome work ….

  • Vetrivel Govindarajan


  • Jothi Hari

    Gr8 – who ever done this – excellent, thanks

  • Deepak

    excellent….. but how to get this into pdf….. ?

    • http://emicalculator.net/ Poornima@EMICalculator

      You can print this page and save as PDF.


    Very helpful… Thanks :) :)

  • siddhika


  • Haresh

    Awesome EMI calculator.

  • Mann

    genuine calculator !

  • Harish

    Providing the details in easy steps..! Nice web site.. Thanks.

  • Nikhil

    Excellent tool

  • Name

    This is very helpfull and give complete detail. Very good for understanding. Nitin Bhatt

  • Krishnamohan

    very usefull

  • Narayana

    Very helpful. Great work done.

  • http://www.instantpersonalloan.sg/ david thomos

    this is superb ever seen great work

  • Nagabhushana

    Simply superb

  • jagadish

    really its good

  • Uvais

    It’s really great effort. Every one can easily understand the tips as you have described above..

    Thank you so much for the great work and share the knowledge to others.. Really useful to all..


  • manish sharma

    headache free calculation

  • Arun Mishra


  • Manohar Simhadri

    Nice UI and very clear explanation… Great Work Guys :)

  • Raj

    Best Website for EMI calculating…….

  • NVK Pavan Buragadda

    Superb …

  • Sridhar

    Very good site with clear explanation

  • Chintan

    It’s monthly reducing calculated?

    • http://emicalculator.net/ Poornima@EMICalculator


  • Sreenivas

    Wonderful Job guys. Keep it up :)

  • Maulik Vadgama

    this website rock! excellent!

  • phani

    good work

  • Kamal

    Great work

  • Jynesh

    great tools…great websie

  • sagar

    Excellent! contributions like this in web will benefit many people like me.. thank you

  • Sunail Sharma

    Very good tool

  • Rahul Dabhade

    No words man ………. Thanx a lot !!!

  • Binu

    Hai, I need to know that if we are taking only 3 lakhs did we have to pay the interest to total amount(15 lakhs).

  • Jai

    its very useful one

  • keshav

    awesome awesome

  • Madhu Reddy

    Excellent Information

  • Birudala Murali Mohan

    excellent expalination

  • Vijay

    Good one …..

  • Kapil

    amazing very nice clear..

  • Janak

    Excellent !!





  • Sridhar

    really cool and great work…
    Many thanks:)

  • VijayReddy


  • Krishnan

    Worth.. thanks team..

  • Vignesh

    very helpful… :-)

  • vishal

    gr8 work thx a lot

  • Arun Khandelwal

    Great work….

  • vadivelsruthi.pharms2009

    very good….

  • Navi

    wow, this is really great! amazing work, thank you :)

  • Bhavesh

    Great work…
    can you provide wordpress widget for loan calculator?

  • Bhavesh


    Great work..

    have you design widget for “INCOME TEX CALCULATOR” and “TDS CALCULATOR” ???

  • koothi gounder

    Useful first time coming across after years of manual calculation
    Power of the web is true

  • Ashwani

    tis one of my frequently visited website, i recommed to all

  • Kumarasamy Jagatheesan

    good one

  • Atambir Nanda

    This is a simple calculation. They should have gone a step ahead to show how beneficial it is to pay the EMI in advance. The early we pay the more we save. The prepayment made in first three years depending upon the paying capacity would substantially reduce the interest part and reduction in loan tenure. If any one require further information please contact me on my email ‘atambirnanda@gmail.com

  • Pravin

    hi, a question for any genuine loan advisor or a person who really knows it….. When I approach any agent for personal loan purpose, they say that my company is not listed….. where do they actually refer my company’s name when they say that my company is not listed…?

  • Ganesh

    Made my Job easy :)

  • Ramesh Nagula

    excellent work…Its very much useful

  • b3naam

    Thanks for this.

  • http://www.twitter.com/kosher_souls Kosher_Souls

    nice….easy & simple.

  • Tofan Kumar Behera

    Realy it will help a lot to all…..

  • vidya meshram


  • Ravi

    Nice Work. Thanks for your efforts. Its very clear even a bank cannot explain in this way. Now without bank or anyone help a normal person can do calculation.

  • Goutham

    Thanks to all those genius and a common man thoughts used behind this tool preparation… its very simple and as per the expectation of a common man…

  • Senthil Kumar K

    Wow. Such a great tool…. Nice work.

  • Achudharam

    Great work

  • Leo31

    does this calculator work for education loans as well? Should we use the home loan widget for education loans?

    • http://emicalculator.net/ Poornima@EMICalculator

      It works for education loan as well.

  • Senthil Kumar K

    Hi Poornima@EMICalclator, when I enter data in personal loan tab and move to home loan, the data is lost. Is it possible to retain that? Would be much helpful.

    • http://emicalculator.net/ Poornima@EMICalculator

      The loan amount, tenure and interest rates for home loan, personal loan and car loans differ. Hence the 3 tabs. It doesn’t make much sense to retain the data when shifting between tabs.

  • Rajesh

    Excellent Job..it would be great if you could include report downloading and printing feature.

    • Senthil Kumar K

      Google chrome has a extension “Full Page Screen Capture”. You could use that to take a screenshot.

  • Ariful Islam

    Superb……Its very helpful to loan calculation.

  • Deven

    pls provide download option also….

  • Sharma

    Great help! But how do we know that for a particular month’s emi how much is principle and how much is interest?? Please share that would be appreciable.

    • http://emicalculator.net/ Poornima@EMICalculator

      Click on the + sign in the year column in the EMI payment schedule above.

  • dkzakhmi

    lovely system

  • sharath kumar

    great tool to calculate the interest as per monthly and yearly wise. there should be an option to take the printout of the data with proper format this will be useful thanks for your tool. please provide proper data print out or pdf save option.

  • Navneet Bagga

    This Calculator is as per flat rate or Reducing rate of Interest.

    • http://emicalculator.net/ Poornima@EMICalculator

      Reducing rate

  • http://www.myloancare.in/ myloancare

    Good work

  • Atul Thakur

    really good one.



  • Minhaj Bakhsh

    Superb….great informative website !! ★★★★★

  • Hari Prabu

    Excellent tool. Would be very good if there is an export to excel or pdf option. I would save it for my future reference.

  • Mufeem Pasha

    Good Work please provide Export to pdf or excel option

  • nagaraju patnam

    superb calc very useful to all

  • Ritika


  • http://curaayurveda.wordpress.com/ Dr. Chetali Samant

    excellent blog and very useful !!!

  • muthu

    very nice.thank u

  • http://sureshsundar1986.blogspot.in Suresh Sundar

    good job, it will useful for everyone, thanks :)

    Suresh Sundar

  • dilip gupta

    please calculate interest of loan rs 9500000.00 for 36 month first 12 month emi of rs 465000.00 next 12 month emi of rs 332000.00 next 12 month emi rs 211300.00 no advance emi please give me payment schedule with interest & principal amount thanks

  • Santosh

    Awsome….!!!!! Would be even great if we can take the printouts for the same.

  • Rajith Ramachandran

    Good work

  • Ashish Kumar Yadav

    Excellent …………!!!!!

  • vikram

    good job..

  • Lokesh Tiwari

    kudos for the work done for us, thanks a lot.. :)

  • Amar

    Very helpful.Thank You

  • Raj

    good help in understanding this product.
    I inquired for loan transfer to SBI from my existing bank and they are charging 0.2% of loan amount for registration. My property is already registered. What this registration fee is for?

  • Kalpana

    Could you also provide export to Excel option.

  • Kalpana

    If this calculator also includes part payment option and produces the balance EMI, that will be really good too.

    • http://emicalculator.net/ Poornima@EMICalculator

      Will add this shortly.

  • Sachin SVK

    Simple.. minimal inputs.. great visual and breakup information format. Keep it as is guys. Great job !

  • Sridevi Arisetty

    Simple and superb

  • Preetham

    Absolutely brilliant work. One suggestion. Could you give an option to switch the graph from calendar year to Financial year too? That would help in tax planning too.

  • Shravan Kumar

    if in mean while , i will have to stop EMI then what is the process to paid remaining balance money

  • Pesala Balakrishna

    Really Great work
    application really userfrndly

  • http://www.mindfiresolutions.com/ Rajat Mohapatra

    Do you have any Apps for mobile ?

    • http://emicalculator.net/ Poornima@EMICalculator

      Its in the works. Will release Android app soon.

  • Pravin Dahalke

    Great work sir!!!!
    thanks a lot…
    But i want to ask little more…
    i have a home loan of 1950000 for 30 years on 10.25 ROI and if i paid 1,00,000 Rs. per year extra amount than my EMI then in how many years i will able to repay my loan?????..
    please help me…

    • http://emicalculator.net/ Poornima@EMICalculator

      About 10.5 years

  • Hitesh Bharadwaj

    This is for loan EMI calculator. Do you have option of Investment calculator.

  • http://batman-news.com Ishwar Gavi

    Excellent work done, Thanks..

  • Dhanasekaran

    Simple and easy to use. Good work guys. Highlight is indicated Yearly/Monthly payments. Kudo’s to your team.

  • Purnananda Behera

    Great work guys, its amazing.
    A complete UI which provides all clear info to uses.

  • Vignu Vigneswar

    Excellent.. very useful.. helps as a Guide in the jungle of loans/bank/interest rates. Choosing tenure/amount,.. become more easy.

  • Sachin Hadke

    The best every calculator i have seen and used. Thanks for great work.

  • Ankit Mishra

    Greate work friends… thanks

  • Arunkumar Sajja


  • Jegathees Veeramani

    Great ! very helpfull..

  • disqus_Yj2e1q4UgK

    the details are crisp and to the point .. thanks
    just one clarification required – what % of EMI get splits into principle / interest component starting month from 1 to end of tenure ? i am interested in understanding the formula

    • rahul

      even i have the same doubt –

      10L loan @ 10% for 10 years
      emi 13215 month1 principle 4882 | interest 8333 ? may be the remaining balance play a role in calculation

  • Anoop

    Superb!! Makes our financial planning very easy. Thanks so much for developing this wonder site..

  • Amit Bombatkar

    Hii, I want to know, does the formula for calculating EMI changes for finding Car Loan, Home Loan and Personal Loan? If yes, what is the difference between all these formulas?. Thanks….

    • http://emicalculator.net/ Poornima@EMICalculator

      There’s no difference. Only the range of values for loan amount, tenure and interest rates vary.

  • Gopal


  • shaik.arif

    how to caluculate interest rate percentage in to rupees.for example interest rate 10.45% what is the value of 10.45% in rupees?…..

  • Abhishek

    If there had been option for specifying the EMI Amount by ourself, it would have been even more helpful. However, one can get around with it by increase/decreasing the number of EMIs in year/months. Best site though :)

    • http://emicalculator.net/ Poornima@EMICalculator

      You should use the loan calculator: http://emicalculator.net/loan-calculator

      • Abhishek

        Thanks, the site you pointed to were too detailed and too helpful as well.

  • Manas Ranjan Behera

    Excellent for the Busiest Person

  • Dhiru Solanki

    awesome buddy

  • Vidura

    is there any calculator to find efective time tenure to take a loan ?

  • Basha Himmatgori

    Real great tech tool. Helping me a lot to make my financial calculations easier than ever. Thank u..!

  • Anil

    In the given formula interest rate and time i.e. years are fixed and emi is variable. If any one fixes its emi and keeps time variable then how it will be calculated? suppose for one lakh loan @ 10.5 % p.a. and for 15 years the emi is Rs. 1000 per month. If emi is increased to Rs. 1200 per month then in how many months the loan amount will be repaid?

  • Panchal Yashvant

    Good Work