MT
Money Tools
Premium Financial Calculators
Borrowing Decisions

Loan EMI Calculator

Compare borrowing scenarios quickly with an EMI calculator designed for clarity on monthly affordability and overall interest cost.

Primary Output
Monthly EMI
Secondary Output
Total interest payable
Formula
EMI formula
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The principal amount you want to borrow.

Current
Rs 15,00,000
Rs

The yearly interest rate charged by the lender.

Current
9%
%

The repayment period in years.

Current
15 yrs
yrs
EMI formula
EMI = P x r x (1 + r)^n / ((1 + r)^n - 1)

All calculations happen in the browser, so the experience stays fast and works without backend infrastructure.

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How To Use
  1. 1. Adjust the sliders or type values directly into each field.
  2. 2. Review the live estimate panel for the key output and supporting metrics.
  3. 3. Compare scenarios quickly before making an investing or borrowing decision.
Common Questions

What is EMI?

EMI stands for Equated Monthly Installment. It includes both interest and principal repayment in one monthly payment.

Why compare EMI and total interest together?

A lower EMI often comes with a longer tenure and higher interest cost, so both numbers matter for decision-making.

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