EMI Calculator — Equated Monthly Installment
Calculate EMI for home loans, car loans, and personal loans. See total interest and amortization breakdown.
Formula
EMI = P × r × (1+r)^n / ((1+r)^n - 1)। ₹30 lakh home loan, 8.5%, 20 years: EMI ₹26,035। Total payment: ₹62.5 lakh (₹32.5 lakh interest!)। Prepayment: even ₹5,000 extra/month saves ₹8-10 lakh interest। SBI, HDFC, Kotak: compare rates।
Tips
Shorter tenure = much less interest (20yr vs 30yr: ₹15-20 lakh difference on ₹30L)। Prepay annually। Balance transfer if 0.5%+ cheaper।
EMI calculator is one of the top 5 most-searched financial calculators globally — particularly in India (where it gets 2M+ monthly searches). The term EMI is used interchangeably with "loan payment" in South Asian, Southeast Asian, and Middle Eastern markets. Ranking for "EMI calculator" captures massive international traffic.
