🏦 EMI Calculator (India)
Calculate your Equated Monthly Installment for any home, car, or personal loan in Indian Rupees.
—monthly EMI
How to use the EMI Calculator
Enter your loan amount in rupees, the annual interest rate (per your loan agreement), and the tenure in years. The EMI is calculated using the standard formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1) where P is principal, r is monthly interest rate, and n is total months.
For home loans in India, typical rates as of 2024 are 8.5% to 9.5%. For car loans, 9% to 12%. Personal loans range 11% to 24%.