EMI Calculator
Enter your loan amount, interest rate, and tenure to see your fixed monthly payment (EMI), total amount paid, and total interest over the life of the loan.
Your EMI
₹21,696
per month
- Total payment
- ₹52,06,939
- Total interest
- ₹27,06,939
EMI = fixed monthly payment that fully pays off the loan (principal + interest) over the chosen tenure, assuming the rate stays fixed.
This is an indicative estimate only. Under RBI's digital lending rules, your actual lender must give you a Key Fact Statement showing the real Annual Percentage Rate (APR) and total cost of credit, including all fees, before you accept any loan — always check that against this estimate.
How EMI is calculated
EMI stands for Equated Monthly Installment — a fixed payment made each month that covers both principal and interest, structured so the loan is fully paid off by the end of the tenure. Early payments are weighted more toward interest; later payments are weighted more toward principal, even though the total payment stays the same each month.
What changes your EMI the most
Interest rate and tenure both matter, but tenure has an outsized effect on total interest paid — stretching a loan from 15 to 30 years lowers the monthly payment but can roughly double total interest paid over the life of the loan.