How it works
EMI divides a fixed-rate loan into equal monthly instalments. Each instalment covers interest on the outstanding balance and repayment of principal. A zero-interest loan is divided equally across the selected months.
Worked example
Show example inputs and result
Loan amount: 10,00,000 · Annual interest rate: 9 · Loan tenure: 60.
- Monthly EMI
- ₹20,758.36
- Total interest
- ₹2,45,501.31
- Total repayment
- ₹12,45,501.31
- Loan principal
- ₹10,00,000.00
Questions and answers
Does the EMI include processing fees?
No. Fees, insurance and taxes on charges are excluded. Floating-rate resets, daily interest methods and advance EMI arrangements can change a lender’s schedule.
Why are some results rounded?
Results display up to 8 decimal places. Calculations use the unrounded values; very small values use scientific notation. JavaScript floating-point arithmetic can introduce tiny rounding differences.
Are my inputs sent to a server?
The calculator processes inputs in your browser. Its code does not send your values to a server.
Method sources: investor.sebi.gov.in
Method reviewed: October 8, 2026 · Methods & accuracy