How to Calculate EMI on Our Website

Calculating your Equated Monthly Installment (EMI) is simple and straightforward with our EMI calculator. Follow the steps below and check out real-world examples to understand how it works.

Step-by-Step Guide to Calculate EMI

Step 1: Enter the Loan Amount
Type the total loan amount you wish to borrow in the first input field. For example, ₹10,00,000 for a home loan.
Step 2: Input the Annual Interest Rate
Enter the annual interest rate offered by your lender. For instance, if the rate is 8%, type "8".
Step 3: Specify the Loan Tenure
Enter the loan tenure in years. For example, "10" for a 10-year loan.
Step 4: Click "Calculate EMI"
Once you’ve entered all the details, click the "Calculate EMI" button to get instant results.

Example 1: Home Loan

Let’s say you want to take a home loan of ₹50,00,000 at an annual interest rate of 7% for 15 years. Here’s how the calculation works:

Loan Amount: ₹50,00,000
Annual Interest Rate: 7%
Loan Tenure: 15 years (180 months)
Monthly EMI: ₹44,941
Total Payment: ₹80,89,380
Total Interest Paid: ₹30,89,380

Example 2: Personal Loan

Suppose you need a personal loan of ₹5,00,000 at an annual interest rate of 12% for 3 years. Here’s the breakdown:

Loan Amount: ₹5,00,000
Annual Interest Rate: 12%
Loan Tenure: 3 years (36 months)
Monthly EMI: ₹16,607
Total Payment: ₹5,97,852
Total Interest Paid: ₹97,852

Example 3: Car Loan

If you’re planning to buy a car with a loan of ₹8,00,000 at an annual interest rate of 9% for 5 years, here’s what you’ll pay:

Loan Amount: ₹8,00,000
Annual Interest Rate: 9%
Loan Tenure: 5 years (60 months)
Monthly EMI: ₹16,607
Total Payment: ₹9,96,420
Total Interest Paid: ₹1,96,420

Tips for Using the EMI Calculator

Experiment with different loan amounts, interest rates, and tenures to find the best option for your budget.
Use the pie chart to visualize how much of your payment goes toward the principal and interest.
Remember that actual EMIs may vary slightly based on lender-specific terms and processing fees.