EMI Calculator
Work out the monthly instalment (EMI) for a loan, the total interest and the total you will pay.
How to use EMI Calculator
- Enter the loan amount, the yearly interest rate and the tenure in months.
- Read the monthly EMI, the total interest and the total payment.
How is EMI worked out?
Each month pays interest on the balance plus part of the loan, using the standard EMI formula.
Does a longer tenure lower the EMI?
Yes, but you pay more interest in total.