Free tool

Loan / EMI Calculator

Planning a bike, mobile, or business loan? See your monthly installment and the real total cost before you sign anything.

Loan amount (Rs)

Interest rate (% per year)

Time period (years)

Enter the loan amount, yearly interest rate and duration.
Tap Calculate EMI.
Compare offers: a lower EMI over more years usually means much more total interest.

Formula used: EMI = P × r × (1+r)^n / ((1+r)^n − 1), the standard reducing-balance method banks use.