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EMI Calculators

Calculators that work out a monthly instalment, whatever you are financing. Each one shows the EMI, the total interest and a full repayment schedule.

EMI CalculatorCalculate your monthly EMI, total interest and full amortisation schedule for any loan amount, interest rate and tenure. Free, instant and made for India.EMI With Down PaymentEnter a price and your down payment to see the financed amount, monthly EMI, total interest and total cost of the purchase, in Indian rupees.EMI Affordability CalculatorEstimate the EMI your income can support after existing obligations, and the loan amount that EMI buys at Indian lending rates and tenures.Zero Cost EMI CalculatorSplit an Indian purchase into no-cost EMI instalments and see the real cost once the processing fee and the cash discount you give up are counted.

Which emi calculators should you use?

An EMI is a fixed monthly payment that covers interest on what you still owe plus a slice of the principal. Every calculator in this group applies the same reducing-balance formula Indian lenders use, so the only thing that changes between them is what you are financing and which extra costs get counted.

Start with the EMI Calculator if you already know the loan amount, rate and tenure. If you are buying something and paying part of it upfront, EMI With Down Payment finances only the balance. If you want to know what you can afford before shopping, use EMI Affordability, which works backwards from your income rather than forwards from a price.

Zero Cost EMI is the odd one out: it deals with an offer rather than a loan, and shows what a no-cost plan really costs once the processing fee and any cash discount you gave up are counted.

One assumption runs through all of them: the interest rate is treated as fixed for the whole tenure. Floating-rate loans reset when the benchmark moves, so rerun the numbers after each reset. For a specific loan product rather than the instalment maths, the loan calculators are the better starting point.

Guides for this

The questions these calculators cannot answer on their own.

All emi calculators guides

Also useful here

These belong to another category, but people reach for them from this one.

Loan Prepayment CalculatorSee how a part-prepayment changes an Indian loan: revised tenure, interest saved, and the alternative of keeping the tenure and lowering the EMI instead.Credit Card EMI CalculatorConvert a card purchase into EMIs and see the instalment, total interest, processing fee and 18% GST, so you know the full cost before you convert.Loan Eligibility CalculatorEstimate the loan amount a lender might sanction on your income, after existing EMIs, for home, car, personal and two-wheeler loans in India.Mobile EMI CalculatorCalculate the EMI on any mobile phone in India. Add a down payment, exchange value, card offer rate and processing fee to see the real monthly cost.

Reviewed by Pradipta Ray, Editor · Last updated