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EMI Calculator

From ₹1,000 microfinance to ₹10 Crore home loans. Supports months & years tenure. Type any value or use the slider.

Loan Details

Loan Amount

₹

₹1,000₹1 Cr

Interest Rate (per annum)

0.1%60%

Loan Tenure

Yrs

1 yr30 yrs

✅

Low Interest Rate — Excellent!

This rate is below market average.

EMI Affordability (per ₹1L income) 21.7%

0%Ideal ≤30%50%Danger100%

Monthly EMI

₹21,736

Total Payable

₹52,16,640

Total Interest

₹27,16,640

Loan Breakup

52%

interest

Principal

Interest

Principal Ratio48%

Interest Ratio52%

Total Payments240

Cost per ₹1 Lakh₹2,086/mo

🟢

Good Loan Structure

Interest burden is manageable.

Personalised Financial Advice

⚠️General financial guidance only — not professional advice. Consult a certified financial advisor before any loan decision. Rates are indicative and subject to change by RBI and lenders.

Yearly Amortization Schedule

Year	EMI Paid	Principal	Interest	Balance

Frequently Asked Questions

What is EMI and how is it calculated? ▼

EMI = [P × r × (1+r)^n] / [(1+r)^n – 1]. P = Principal, r = monthly interest rate (annual ÷ 12 ÷ 100), n = total months. This is the same formula used by all Indian banks — SBI, HDFC, ICICI, and microfinance institutions.

Can I calculate EMI for amounts as low as ₹1,000? ▼

Yes! This calculator supports loan amounts from ₹1,000 (microfinance, NBFC, credit card EMI) all the way up to ₹10 Crore (home loans). It also supports tenure from 1 month to 30 years.

How do I calculate credit card EMI? ▼

Select the Credit Card tab. Enter your outstanding amount, your card's interest rate (typically 24–42% per annum), and choose tenure in months (3, 6, 9, 12, 18, or 24 months). The calculator will show exact EMI and total interest charged.

What percentage of income should EMI be? ▼

Keep total EMIs below 40–50% of monthly net income. For home loans alone, 25–30% is ideal. The affordability meter on this calculator shows your EMI as a percentage of ₹1 lakh income — green means safe, red means risky.

Fixed rate vs floating rate — which is better? ▼

Floating rates track RBI's repo rate and are generally cheaper long-term when rates are falling. Fixed rates give EMI certainty. In India, most 15–20 year home loans use floating rates. Short-term personal and credit card loans are typically fixed.