Input
Results
Monthly EMI
0
Total Interest
0
Total Payment
0
| # | Month | Principal | Interest | Balance |
|---|---|---|---|---|
| Calculate EMI to see amortization schedule. | ||||
PRACTICAL GUIDE · UPDATED OCTOBER 13, 2026
Use the EMI estimate with its assumptions visible
This calculator models fixed-rate, regular monthly repayment on a reducing balance. Choose Personal, Car, or Home to organize the interface, then enter your scenario's inputs. The tabs do not retrieve live lender rates, and the result is a working estimate rather than a loan approval or binding lender schedule.
Try a reproducible fictional scenario
Enter ₹100,000 principal, 12 percent annual interest, and 12 months. With no processing fee, the calculated monthly EMI is approximately ₹8,884.88. The main display can round to whole rupees, while CSV values can retain decimals. The example is a hypothetical arithmetic check, not a current offer.
Read the units before calculating
Enter the annual rate rather than a monthly percentage. Check whether tenure is selected in years or months. A year-based term must be converted to its number of monthly payments for the model. Use positive principal and tenure, and review the figures against the written scenario you intended to compare.
Interpret the schedule
Each payment has a principal component and an interest component. In the example, month one's interest is ₹1,000; approximately ₹7,884.88 reduces principal. The next row starts from a lower balance. Download CSV if you need a record, and label it with the inputs so it is not mistaken for a lender's approved schedule.
Know how the fee input works
The current processing-fee input is added to total payment, not financed into the monthly EMI. If a lender adds charges to the amount borrowed, adjust the principal scenario accordingly and check their treatment. The calculator does not automatically include every tax, insurance charge, fee, or repayment-date rule.
Compare one variable at a time
Keep principal and rate constant while trying two terms, then compare EMI and total interest together. When comparing rates, keep term and principal fixed. Rate changes, prepayments, late fees, and irregular instalments need a more specific model. A smaller EMI is not by itself proof that an offer costs less overall.
Check the final assumptions against the lender's own documents before using the estimate in a borrowing decision.