EMI Calculator
Calculate loan EMI, total interest, and payment breakdown
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Home loan: 8-10% | Personal loan: 12-20% | Car loan: 9-12%
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Enter loan details to calculate EMI
About EMI (Equated Monthly Installment)
EMI is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. It consists of both principal and interest components.
Types of Loans:
- • Home Loan (15-30 years)
- • Car Loan (3-7 years)
- • Personal Loan (1-5 years)
- • Education Loan (5-15 years)
EMI Tips:
- • Keep EMI below 40% of income
- • Compare rates from multiple banks
- • Consider prepayment options
- • Choose optimal tenure