Calculate monthly EMI, total interest and total repayment.
Enter the loan amount, annual interest rate and loan tenure. Choose whether the tenure is in years or months, then click Calculate EMI to see the estimated monthly payment, total interest and total repayment.
EMI stands for Equated Monthly Instalment. It is the amount generally paid each month toward a loan and typically includes both principal and interest.
EMI depends on the loan principal, monthly interest rate and number of monthly payments. A higher loan amount or interest rate generally increases the monthly EMI, while a longer tenure can reduce the monthly payment but may increase total interest.
For example, you can enter a loan amount of ₹5,00,000, an annual interest rate of 9% and a tenure of 5 years. The calculator will estimate the monthly EMI, total interest and total amount payable.
Yes. The ToolDigitalHub EMI Calculator is free to use.
Yes. Select Months under Tenure Type and enter the number of months.
Yes. It estimates the monthly EMI, total interest and total repayment amount.
No. The result is an estimate for general informational purposes. Actual loan payments may differ depending on the lender, fees, repayment terms and calculation method.