EMI Calculator
Calculate monthly EMI for Home Loan, Car Loan, Personal Loan & more
Calculation History
Free Online EMI Calculator India (2025 Updated)
Use this free EMI calculator to instantly compute your monthly Equated Monthly Installment for home loans, car loans, personal loans, education loans, and more. Get accurate results with total interest and total payable amount breakdown.
How to Use the EMI Calculator
- Enter the loan amount (principal)
- Input annual interest rate (e.g., 8.75%)
- Specify tenure in years and months
- Click "Calculate EMI"
- View monthly EMI, total interest, and total repayment
- Export results as CSV or view calculation history
Key Features
- ✔ Supports flexible tenure (years + months)
- ✔ Shows total interest and total payable amount
- ✔ Number to words conversion (Indian format)
- ✔ Indian comma formatting (Lakhs, Crores)
- ✔ Calculation history with export
- ✔ Export results as CSV
- ✔ Compare two loans side-by-side
- ✔ Precise calculations using standard EMI formula
- ✔ Instant results with no page reload
- ✔ 100% client-side – your data stays private
- ✔ Mobile-friendly and easy to use
- ✔ Completely free – no ads or signup
Common Loan Types
- Home Loan: Typical rates 8–10%, tenure 15–30 years
- Car Loan: Rates 7–12%, tenure 3–7 years
- Personal Loan: Higher rates 10–20%, shorter tenure
- Education Loan: Rates 8–14%, long repayment period
Why Use an EMI Calculator?
- Plan your monthly budget effectively
- Compare different loan offers from multiple banks
- Understand total interest cost
- Decide optimal tenure
- Avoid financial surprises
- Save calculation history for future reference
EMI Formula
The EMI is calculated using the formula: EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
- P = Principal loan amount
- R = Monthly interest rate (Annual Rate / 12 / 100)
- N = Loan tenure in months
This is the best free online EMI calculator in India for quick and accurate loan planning. Bookmark it for future use!