EMI Calculator
Enter the loan amount, the annual interest rate and the loan duration to estimate your monthly instalment.
Your result will appear here after you press Calculate.
How this calculator works
EMI = P × r × (1 + r)ⁿ ÷ [(1 + r)ⁿ − 1]
P = principal, r = monthly rate = annual rate ÷ 12 ÷ 100, n = number of monthly instalments. If the rate is 0%, EMI = P ÷ n.
Total repayment = EMI × n; Total interest = total repayment − P
Assumptions and limits
- Results are estimates. They assume a fixed rate, equal monthly instalments and exclude processing fees, insurance, taxes, prepayments and changes in the interest rate.
- Actual lender schedules may differ because of rounding and day-count conventions.
This tool gives an approximate estimate from the values you enter. It is not a substitute for professional engineering design, site inspection, official quotations or applicable building regulations. See the calculator disclaimer.