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EMI Calculator
Calculate loan EMI, total interest, and total repayment.
About this calculator
Works for home loans, personal loans, and car loans using the standard reducing-balance method. Enter loan amount, interest rate, and tenure to see your monthly EMI and total interest outgo.
Results are estimates for education only. Product suitability and premiums depend on insurer underwriting and market conditions.
Inputs
Loan details
Understanding EMI Calculator
EMI (Equated Monthly Instalment) is the fixed monthly payment on a reducing-balance loan. Understanding EMI, total interest, and total outflow helps you compare loan offers before you commit.
How this calculator works
Enter loan amount, interest rate, tenure, and optional processing fee. The calculator shows monthly EMI, total interest, and overall repayment including fees.
Example
A ₹25 lakh home loan at 8.5% for 20 years creates a sizeable EMI and a large interest outgo over the full tenure — which is why prepayments and shorter tenures can save money if cash flow allows.
Practical tips
- Keep total EMIs comfortable relative to take-home income (often under ~40–50%).
- Compare floating vs fixed rates and processing charges.
- Use surplus income for partial prepayment when interest rates are high.
Limitations
Actual EMI schedules may include fees, insurance add-ons, or rate resets not modelled here.
Need help applying these numbers to your situation? Request a free consultation with Smart Wealth Hub, or explore our financial services.