EMI Calculator for Home, Car, Personal & Auto Loans

Frequently Asked Questions

What is an EMI calculator?

An EMI calculator is an online tool that helps you quickly determine your monthly loan payment (EMI), total interest, and total payment for a given principal, interest rate, and tenure.

How do you calculate EMI?

The formula for EMI is: EMI = [P × r × (1 + r)^N] / [(1 + r)^N – 1], where P is principal, r is monthly interest rate, and N is number of months.

Why use an online EMI calculator?

An online EMI calculator saves time, reduces errors, and helps you make informed financial decisions by instantly showing your monthly payment and total cost.

What types of loans can I use this calculator for?

This calculator works for home loans, personal loans, car loans, education loans, and more. Just enter your loan details to get results.

Can I use this calculator for prepayment or part payment?

This calculator is designed for standard EMI calculations. For prepayment or part payment, consult your lender or use advanced calculators.

Which banks are supported?

You can use this EMI calculator for loans from HDFC, SBI, ICICI, Axis Bank, and more. Compare rates and terms easily.

Can I calculate EMI for car, home, and personal loans?

Yes, this calculator supports car loans, home loans, personal loans, auto loans, and more for India, USA, and other regions.

Does this calculator work for monthly and yearly EMI?

Yes, you can enter tenure in years and months to get accurate monthly EMI results.

Can I download my EMI schedule?

Yes, you can download your amortization table as PDF or Excel for easy reference and sharing.

User Reviews

★★★★★

"Super easy to use and accurate! Helped me plan my loan perfectly."

— Priya S.

★★★★★

"Best EMI calculator online. Fast, private, and no ads!"

— Rahul M.

★★★★★

"I recommend this to anyone looking for a quick loan calculation."

— Anjali T.

EMI Calculator

Calculate EMI, Interest & Payment Schedule Instantly