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by SEBI Registered Research Analysts

EMI Calculator

Calculate your monthly loan EMI, repayment mix and total borrowing cost with a detail page experience that now matches the visual style of our main calculators hub.

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Loan & EMI planning
EMI Calculator

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SEBI Registered Research Analyst Built within a regulated research framework
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Loan Parameters

Adjust sliders or type values directly

Loan Amount
₹10,000₹1 Cr
Annual Interest Rate
1%15%
Loan Tenure (Years)
1 Yr30 Yr
Total Interest Paid
—
Total Payment
—
Interest-to-Loan Ratio
—
Monthly Rate
—
Outstanding Balance Over Time

What is EMI?

An Equated Monthly Instalment (EMI) is a fixed payment amount made by a borrower to a lender each month. It consists of two components — principal repayment and interest — such that the loan is fully repaid over the chosen tenure.

Formula used:

EMI = P × r × (1+r)n / [(1+r)n − 1]

Where P = Loan amount, r = monthly interest rate, n = number of monthly instalments.

Monthly EMI

₹0
for ₹30L at 8.5% over 20 years
Principal Amount
₹0
Total Interest
₹0
Total Payment
₹0
Amortisation Schedule
MonthPrincipalBalance

Frequently Asked Questions

Common questions about EMI and loan calculations

EMI is calculated using: EMI = P × r × (1+r)n / [(1+r)n − 1], where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly instalments. Each EMI comprises a principal and an interest component that shifts over time.
Most lenders offer the choice. Reducing tenure saves more interest overall and is recommended for high-interest, long-tenure loans like home loans. Reducing EMI improves monthly cash flow but extends repayment and increases total interest outgo.
Home loan rates in India currently range from approximately 8.4% to 9.5% p.a. depending on the lender, your CIBIL score, loan amount and whether the rate is floating or fixed. Floating rates are linked to the RBI repo rate and change periodically.
A missed EMI attracts a late payment penalty (typically 1%–2% of the EMI), a negative impact on your CIBIL score, and penal interest on the overdue amount. Repeated defaults can lead to the loan being classified as a Non-Performing Asset (NPA), with legal consequences.
Most Indian banks offer home loan tenures up to 30 years. The actual tenure sanctioned depends on your age — lenders typically require the loan to be fully repaid before you turn 60–70. A longer tenure lowers your EMI but significantly increases the total interest paid.
Disclaimer

This calculator is provided by Kalkine Consultancy India Private Limited for educational and illustrative purposes only. The output is based solely on assumptions entered by the user and should not be construed as investment advice, research recommendation, product recommendation, offer, solicitation, return assurance or guarantee. Actual outcomes may vary due to market conditions, interest-rate changes, fees, taxes, product terms and investor-specific circumstances. Kalkine is registered with SEBI as a Research Analyst; SEBI registration does not guarantee performance or provide any assurance of returns to investors. Kalkine Consultancy India Private Limited is registered with SEBI as a Research Analyst. SEBI registration does not imply approval of this calculator, guarantee of accuracy, or assurance of returns.

SEBI Registered · INH000017727

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